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.
Navigating FINRA E-Signature Violations
In recent months, a significant number of individuals have found themselves with Form U5 terminations or under Financial Industry Regulatory Authority (FINRA) Rule 8210 inquiries or investigations for alleged violations...
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SEC Issues Risk Alert For Compliance With Adviser Marketing & Advertising Rule
As part of its stated ongoing efforts to enhance transparency and aid compliance, the SEC recently issued a risk alert highlighting additional areas of focus during examinations related to its...
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California Advisor Clears His Records Of All Disclosures With FINRA Expungement
An advisor in California had three disclosures on his records — customer disputes that were lodged between 2000 and 2011. In hopes of achieving expungement of the disclosures, he hired...
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Florida Advisor Restores Perfect BrokerCheck Profile With Customer Dispute Expungement
A Florida-based financial advisor who has been in the industry for more than two decades had one settled customer dispute disclosure on her CRD and public BrokerCheck record. In an...
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Navigating Form U5: What You Need To Know As A Departing Advisor
As a financial advisor, leaving your job requires that the firm file a Form U5, also known as the Uniform Termination Notice for Securities Industry Registration. The form U5 is...
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SEC’s Renewed Focus On Exams: How RIAs Can Prepare With Mock Audits
As regulatory compliance continues to be a major focus for advisory firms, the Securities and Exchange Commission (SEC) has recently announced plans to resume onsite exams. This renewed focus on...
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40-Year Industry Veteran Restores Flawless FINRA Profile
A current investment advisor and former registered rep who has been in the financial services industry for 40 years had one customer dispute disclosure on his records from more than...
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Tennessee Advisor Wipes All Disclosures With One FINRA Arbitration
An investment adviser in Tennessee had four customer dispute disclosures on his record that were all over ten years old. Hoping to clean up his record under the current FINRA...
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FINRA Rule 3110: A Comprehensive Guide to Broker-Dealer Supervision
Understand FINRA Rule 3110 and its critical role in broker-dealer supervision and compliance. Learn about written supervisory procedures (WSPs), internal inspections, and the proposed remote inspection rule changes affecting financial...
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California Advisor Regains Perfect Record With FINRA Expungement
An advisor out of Laguna Niguel, California had a perfect BrokerCheck record — aside from two customer disputes from nearly two decades prior. In hopes of achieving expungement through FINRA...
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How much does it cost to set up an RIA firm?
Have you ever wondered how much it would cost to start your own registered investment advisor (RIA) business? Launching an advisory firm comes with its own set of unique startup...
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Understanding Recent Changes to the DOL’s Fiduciary Rule
The landscape of the Department of Labor (DOL) fiduciary rule has seen significant changes in recent years, with ongoing debates and legal challenges shaping its implementation. In May 2023, the...
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Advisor Wipes 7 Disputes From His Record In One Arbitration
A Boca Raton-based advisor with over 35 years in the industry had seven customer disputes related to the same investment on his records. Hoping to clean up his record with...
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How AdvisorLaw Helped a Veteran Advisor Find a Better Path
In the competitive world of financial advising, finding the right firm that aligns with an advisor's goals and values can make a world of difference. AdvisorLaw recently facilitated a successful...
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Three Decade-Old Disclosures Expunged From New York Advisor’s Records
A New York-based advisor approaching his 40th year in the industry had three customer dispute disclosures that were more than a decade old on his public BrokerCheck and CRD records....
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How do I secure lending to acquire a financial practice?
If you’re interested in buying a financial practice but need additional financing to get the ball rolling, there are a number of considerations to take into account. On this week’s...
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Texas Advisor Clears Two 2008 Customer Disputes From Her Records
In 2008, a near-30-year veteran of the industry in Texas with an otherwise-perfect record received two customer dispute disclosures related to the financial crisis at the time. In hopes of...
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A Great Checklist for Buying a Financial Planner Practice
Join us for an exclusive webinar on M&A Due Diligence! Investing in mergers and acquisitions (M&A) can be highly rewarding, but it's essential to tread carefully. That's why AdvisorLaw and...
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Breaking Away: The Myths And Realities Of Leaving A Wirehouse
Financial advisors face a major decision when it comes to their professional future: whether to remain affiliated with their wirehouse or break away and start their own registered investment advisor...
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SEC’s Cybersecurity Rule: What RIAs & Funds Need To Know
The Securities and Exchange Commission (SEC) has decided to reopen the public comment period for the cybersecurity rule it initially proposed last year. This decision came on the same day...
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