FINRA Resumes Plans to Dismantle its Expungement Process
FINRA Expungement & Arbitration

FINRA Resumes Plans to Dismantle its Expungement Process

Further supporting the notion purported by PIABA and NASAA that FINRA’s expungement process is far too forgiving to advisors, FINRA released a discussion paper on May sixth to address the...
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Choosing The Right M&A Team To Sell Your Advisory Firm
Mergers & Acquisitions Succession Planning Valuations

Choosing The Right M&A Team To Sell Your Advisory Firm

Any advisor who has gone through a sale knows that it all comes down to selecting the right team to complete the transaction. You’re not only selling your company —...
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What is needed to file and update my Form ADV?
RIA Compliance

What is needed to file and update my Form ADV?

We frequently see RIAs make mistakes on their Forms ADV, oftentimes because they simply misunderstood a question. With the SEC’s recent changes to Reg BI, and the new Form ADV...
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FINRA Rule 8210 Investigations: How To Respond And Protect Yourself
FINRA, SEC, State & CFP Board Enforcement

FINRA Rule 8210 Investigations: How To Respond And Protect Yourself

You just received a letter from FINRA. You may have anticipated the letter, or you may be surprised to get the letter in the first place. If you carefully read...
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FINRA Form U4 Reportable Events
FINRA Expungement & Arbitration IRS Tax Liens & Disclosures

FINRA Form U4 Reportable Events

Every member of FINRA has completed and filed a Form U4. But what may seem like an easy and uncomplicated task does carry with it some serious weight. It’s critical...
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Can I sue my broker-dealer or RIA for damages if I was terminated?
FINRA Disputes & U5 Terminations

Can I sue my broker-dealer or RIA for damages if I was terminated?

The language a firm uses on a terminated advisor’s FINRA Form U5 can cause irreparable damage to their public record and ability to move to another firm. This week, we...
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How Advisors Can Bounce Back From A Termination
FINRA Disputes & U5 Terminations FINRA Expungement & Arbitration

How Advisors Can Bounce Back From A Termination

It seems that more and more high-profile and multi-billion-dollar advisors are being terminated today than in the past. If you’re an advisor, these firings should act as a stark warning....
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What is the process for expunging disclosures from BrokerCheck and the CRD?
FINRA Disputes & U5 Terminations FINRA Expungement & Arbitration IRS Tax Liens & Disclosures

What is the process for expunging disclosures from BrokerCheck and the CRD?

Advisors must present their case to an arbitrator through FINRA's dispute resolution forum in order to have an investor dispute or libelous U5 termination successfully removed from BrokerCheck or the...
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The SEC Releases the Department of Examination’s 2022 Compliance Priorities
FINRA, SEC, State & CFP Board Enforcement RIA Compliance

The SEC Releases the Department of Examination’s 2022 Compliance Priorities

In the report, the SEC outlines its areas of specific focus, which include private funds, standards of conduct, information security and operational resiliency, emerging technologies and crypto assets, and environmental,...
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Tips To Begin Planning Your RIA Succession
Mergers & Acquisitions Succession Planning Valuations

Tips To Begin Planning Your RIA Succession

Values of registered investment advisors, or RIA, businesses have skyrocketed over the last decade. Today, RIA valuations are at historic highs. With the Russia-Ukraine conflict barreling on and inflation continuing...
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Does the compliance attorney for my broker-dealer represent me?
FINRA, SEC, State & CFP Board Enforcement

Does the compliance attorney for my broker-dealer represent me?

Many advisors default to using their firm’s attorney to spare themselves the expense of hiring private counsel. But in many instances, advisors feel like they are being forced into a...
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What To Look For In An RIA Compliance Consultant
RIA Compliance RIA Setup & Registration Starting your own RIA

What To Look For In An RIA Compliance Consultant

So you’ve decided to trade in your FINRA licensure to go RIA only— but you’re feeling overwhelmed with all of the new roles you’ll have to take on, now that...
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Separating From Your Broker-Dealer
FINRA Disputes & U5 Terminations Starting your own RIA

Separating From Your Broker-Dealer

When a registered representative leaves a FINRA-affiliated broker-dealer, the firm must complete a Form U5 and submit it to FINRA. If you're leaving voluntarily and peacefully, this can be a...
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Is there any way to get back the fees and interest charged on my IRS penalties?
FINRA Expungement & Arbitration IRS Tax Liens & Disclosures

Is there any way to get back the fees and interest charged on my IRS penalties?

In this week’s Ask An AdLaw Expert, we’re talking with our Director of Lien Expungement, Samantha DePrima, J.D., LL.M., about how individuals can get IRS penalties and interest refunded by...
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The BrokerCheck System’s Irrationality
FINRA Disputes & U5 Terminations FINRA Expungement & Arbitration FINRA, SEC, State & CFP Board Enforcement IRS Tax Liens & Disclosures

The BrokerCheck System’s Irrationality

A fight is brewing over proposed changes to FINRA’s Central Registration Depository (CRD) expungement procedure. The SEC, FINRA, and the Public Investors Advocate Bar Association (PIABA) are at odds over...
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How A Market Decline Could Affect The Value Of Your Business
Acquisition Mergers & Acquisitions Succession Planning Valuations

How A Market Decline Could Affect The Value Of Your Business

Written By: Matt Durr, E.A., Director of Mergers & AcquisitionsWe have been in a bull market for the better part of the last decade, but there are cracks in the...
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Adding a Custodian to your Registered Investment Advisor business
RIA Compliance RIA Setup & Registration Starting your own RIA

Adding a Custodian to your Registered Investment Advisor business

More and more registered representatives are seeking to expand or transition into the registered investment adviser, or RIA, sphere than ever before. While some financial advisors are looking to relieve...
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What does ongoing RIA compliance involve?
RIA Compliance

What does ongoing RIA compliance involve?

The regulatory landscape that RIAs must navigate is daunting, to say the least. Every year the SEC and DOL roll out new rules and regulations, as well as harsher punishments...
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How The CFP® Board Enforces Its Disciplinary Process
FINRA, SEC, State & CFP Board Enforcement

How The CFP® Board Enforces Its Disciplinary Process

This past January, the CFP® Board hired Thomas Sporkin as its new head of enforcement, allowing the organization to split its enforcement section into two separate functions. For the first...
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Transitioning Your RIA To The SEC’s New Marketing Rule
RIA Compliance

Transitioning Your RIA To The SEC’s New Marketing Rule

Registered investment advisors and firms should begin preparing for the Securities and Exchange Commission’s new marketing rule. The deadline is quickly approaching, and many RIAs are worried that they’re entering...
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