Navigate the complexities of financial advising with AdvisorLaw's Industry Insights. Our experts provide actionable analysis on critical areas impacting your practice, including the latest FINRA and SEC/state regulations for brokers, RIAs, and IARs, the nuances of dual registration, strategic insights into Mergers & Acquisitions, evolving enforcement trends, practical regulatory compliance strategies, and effective succession planning. Stay informed, compliant, and positioned for growth with AdvisorLaw's perspectives.
FINRA Enforcement: What Every Broker Needs to Know to Avoid Scrutiny
In the financial landscape, where trust and integrity are of paramount importance, regulatory entities like the Financial Industry Regulatory Authority (FINRA) are granted oversight for the purported purposes of maintaining...
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SEC Enforcement: RIAs Under Scrutiny For Marketing Rule Compliance
The Securities and Exchange Commission (SEC) recently made headlines by censuring nine registered investment advisors (RIAs) and imposing combined penalties of $850,000 as part of an ongoing examination of firms'...
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Illinois Advisor Wins Expungement Of 2016 Termination Disclosure
This financial advisor out of Illinois had one termination disclosure on his records over a 35-year career in the industry. Seeking to move forward free of the negative mark, he...
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New Jersey Advisor Wins Customer Dispute Expungement
After 23 years in the financial services industry, this financial advisor in New Jersey sought to expunge the one mark on his otherwise perfect public record. His sole disclosure was...
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Rising Tide: The Urgent Call For Advisor Succession Planning
The financial advisory landscape is on the brink of a significant change due to the looming retirement of a massive number of financial advisors. This wave of retirements is poised...
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Misdemeanor Criminal Charge From 1999 Expunged From Financial Advisor’s Record
A Texas-based advisor who has been in the financial services industry for more than ten years has been dealing with the repercussions of having a criminal disclosure on his records...
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Arizona Advisor Achieves Expungement Of 2011 Customer Dispute
An Arizona-based registered rep with a near-30-year career in the financial services industry had a 12-year-old customer dispute alleging unsuitability on his CRD and public BrokerCheck records. Despite the fact...
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Why RIAs Should Consider Outsourced Chief Compliance Officers
In the ever-evolving financial industry, the role of the Chief Compliance Officer (CCO) has become more critical than ever. The SEC’s Office of Compliance Inspections and Examinations (OCIE) recognizes the...
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FINRA Crackdown — Outside Business Activities
Understanding the regulations and guidelines surrounding outside business activities (OBAs) is crucial for registered representatives in the financial industry. The Financial Industry Regulatory Authority (FINRA) has established specific rules by...
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Georgia Advisor Restores Public Record With Termination Expungement
A FINRA-registered representative in Georgia had a termination disclosure marring her otherwise-perfect, 16-year record of performance in the financial services industry. In hopes of achieving expungement of the mark, she...
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Midwest Advisor Successfully Expunges Criminal Disclosure From 1991
A Midwest-based advisor sought to expunge a criminal disclosure that was the result of a 1991 event. She hired AdvisorLaw to guide her through the expungement process in an Iowa...
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Is FINRA’s small firm governor election process truly fair and transparent?
In the realm of regulatory governance, the Financial Industry Regulatory Authority (FINRA) wields considerable influence over the securities industry's integrity and investor protection. At the heart of this authority lies...
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Los Angeles Advisor Clears Records Of All Customer Conflicts
A Los Angeles-based advisor approaching 25 years in the financial services industry had a clean public BrokerCheck record, with the exception of two customer disputes that she had acquired around...
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Connecticut Advisor Successfully Expunges a Long-Standing Criminal Disclosure
An advisor in Connecticut approaching 20 years in the industry had a criminal disclosure on his records from an incident that had taken place in 2004 — three years before...
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Maximize Your RIA’s Savings With An Outsourced Chief Compliance Officer (CCO)
Running a registered investment advisor (RIA) firm comes with a multitude of responsibilities, including keeping up with compliance and various regulations, as well as maintaining robust internal controls. Managing compliance...
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The End Of An Era — How FINRA Finally Succeeded In Destroying The Presumption Of Innocence
In the realm of customer dispute expungements, the winds of change are blowing. FINRA, the venerable regulator that has long overseen the industry's disputes, has finally unleashed its most audacious...
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Florida Advisor Removes Five Decades-Old FINRA Customer Disputes
Five customer disputes, dating back as far as 1994, were muddying the records of a Florida-based advisor who has been in the industry since 1983. Knowing that customer dispute expungement...
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Washington Advisor Wins U5 Termination Disclosure Expungement
More than 25 years into his career in the industry, an advisor from Washington state decided that he wanted to take his chance at clearing his record of the single...
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Dual-Registrants Mergers & Acquisitions SEC & State | RIAs & IARs Selling RIA Succession Planning Valuations
How do I sell my RIA?
Considering selling your RIA or wealth management firm? Learn key steps for a successful M&A transaction, including assessing your objectives, exploring buyer options, evaluating fit, and understanding valuation methods. Get...
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Tennessee Advisor Wins Customer Dispute Expungement, Restoring Perfect Records
An investment advisor in Tennessee who has been in the industry since 2005 had a sole disclosure on his public BrokerCheck and CRD records. The mark reflected a customer dispute...
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