By Aurora Cassirer and Jenna Hutchinson ( February 20, 2019, 1:35 PM EST) -- As if it is not bad enough to be the subject of sanctions issued by the U.S. Securities and Exchange Commission, the required reporting of such sanctions to the Financial Industry Regulatory Authority[1] often sparks FINRA penalties as well as statutory disqualification of such a sanctioned member. This type of tag team behavior between the SEC and FINRA has attained great prominence when applied against broker-dealer firms for noncompliance with anti-money laundering, or AML, regulations that require the filing of suspicious activity reports, or SARs, disclosing transactions that broker-dealers know, suspect or have reason to suspect involve potential illegal activity.[2]...