We understand that receiving a Rule 8210 notice from FINRA can be worrying. This is an alert that FINRA is starting an inquiry into your conduct, and is ordering you to answer a list of questions and produce a wide range of documents, both business and personal.
Responding to the Rule 8210 notice is not optional. You should take it seriously and immediately take steps to deal with it. If not handled properly, your career could be damaged.
Notifying Your Firm
You have a regulatory obligation to notify your broker/dealer. The manner in which you approach your firm will be crucial.
Contacting FINRA
Subpoenas often have an extremely short response deadline, assuming that the target is going to ask for an extension. The initial contact with the FINRA investigator is important for obtaining an extension of time and gaining an understanding of the seriousness of the issues. If FINRA denies a request, it likely means you are a target and have serious problems.
