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...

https://www.youtube.com/embed/li_ZwVpMTF4 Contact Us Today! 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...

An advisor in upstate New York had three customer disputes on his records. Two dated back to 2004 and had been settled for hundreds of thousands of dollars. The third...

In 2017, 30 years into his financial services career, a San Jose-based advisor’s perfect public record was stained with a customer dispute alleging misrepresentation among other sales-practice violations pertaining to...

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...

When a registered representative leaves a FINRA-affiliated broker-dealer, the firm must complete Form U5 and submit it to FINRA. If you're leaving voluntarily and peacefully, this can be a simple...

A New Jersey advisor approaching 40 years in the industry had four disclosures on his public records. Seeking to clean up his image after spending about half of his career...

After nearly 15 years with the firm, this advisor was terminated in November 2020. The firm filed a Form U5 that resulted in allegations being published to BrokerCheck, stating that...

https://www.youtube.com/embed/V78h6_jFc5g Contact Us Today! 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...

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...

We have been in a bull market for the better part of the last decade, but there are cracks in the foundation. Inflation is rising at rates that have not been...

An advisor based in the Midwest sought to expunge three criminal disclosures from his public records with FINRA Registration. In the early 2000s, the advisor accidentally wrote two bad checks...

An advisor with over 15 years in the industry was terminated in April of 2021. She hired AdvisorLaw right away to seek the removal of the allegations from her public...

More and more registered representatives are seeking to expand or transition into the registered investment adviser, or RIA, sphere more than ever before. While some financial advisors are looking to...

This advisor had a Form U5 termination disclosure on his records from nearly seven years prior. He hired us to represent him in FINRA arbitration in an effort to get...

https://www.youtube.com/embed/bsRiljea-tA Contact Us Today! 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...

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...

Our advisor in this case had a pristine record since 2009. However, six customer complaints that were lodged between 1997 and 2008, all alleging unsuitability, were misleading investors and potential...

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...

FINRA Rule 3110 pertains to its member firms’ supervision of associated persons. It requires that “[e]ach member shall establish and maintain a system to supervise the activities of each associated...