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.
Weaponized Form U5
Any time a rep exists at a firm, whether the reason involves an involuntary discharge, a voluntary resignation, or a rep being permitted to resign, firms and broker-dealers are required...
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IARs Required to Complete Continuing Education Program
At AdvisorLaw, we do our best to keep our clients informed of regulatory changes. Launching our continuing education (CE) offerings is an example of our commitment to helping you stay...
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FINRA’s Expungement Reform Takes a Turn for the Worse
In August, AdvisorLaw made a public comment concerning FINRA's latest effort to undermine the expungement procedure. We found that FINRA’s proposed rule change not only denies fundamental rights to financial...
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Memphis Advisor Clears Disclosures From BrokerCheck and CRD
A Tennessee advisor who began his career in 2000 had acquired three customer disputes between 2005 and 2016. The first was closed with no action, and the second was denied....
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Do you have a dedicated chief compliance officer?
Did you know that only 36% of RIA firms have a dedicated chief compliance officer (CCO)? It’s no wonder that compliance teams across the country are being stretched so thin....
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FINRA Disputes & U5 Terminations FINRA Expungement & Arbitration FINRA, SEC, State & CFP Board Enforcement
If I’ve been terminated, how long will it be before a Form U5 is filed?
"Ask An AdvisorLaw Expert" is a video series where we ask some of our most esteemed colleagues questions commonly asked by financial advisors. This week, we're focusing on the topic,...
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Certified Financial Planners Face Tough Enforcement Under Sporkin
In a recent Q&A with RIAIntel, detection, investigation, and prosecution were top-of-mind for Tom Sporkin, CFP® Board Managing Director of Enforcement. Sporkin says the Board has been “doing absolutely everything...
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New York Advisor Removes Dispute From 2000 Seeking $1.25M
As he approached half a century of service in the financial services industry, a New York advisor hired AdvisorLaw to seek expungement of a 23-year-old customer dispute. The client had...
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RIAs Must Be In Full Compliance With SEC’s Marketing Rule
Registered investment advisers (RIAs) regulated by the Securities and Exchange Commission (SEC) are required to fully comply with the SEC’s new marketing and advertising rule by November 4th, 2022. With...
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Dallas Advisor Wins Expungement Defamatory Termination
About halfway through a near-40-year career in the industry, a Texas-based advisor was hit with a Form U5 termination disclosure alleging that he had reallocated a customer’s subaccounts without authorization....
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SEC Prepares for Cybersecurity Crackdown
SEC proposed updates to its cybersecurity rule, seeking to ramp up the enforcement of cyber-related crimes. Now, the SEC will require all registered RIAs to implement a dedicated cyber-protection program...
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FINRA Disputes & U5 Terminations FINRA Expungement & Arbitration FINRA, SEC, State & CFP Board Enforcement
Advisors Fielding Unprecedented Wave Of New Investor Complaints
FINRA will release 2022 data early next year, but we can be sure that the precipitous fall of the market indexes is directly correlated to the number of investor complaints.
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Maryland Advisor Restores Disclosure-Free Records With Expungement
A Maryland advisor who’s closing in on 30 years in the industry had a sole disclosure on his public records from a customer dispute lodged in 2006. With the help...
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California Advisor Removes 13-Year-Old Customer Dispute
In 2009, just five years into his career in the industry, this current investment adviser representative (IAR) and then-broker received a customer dispute on his otherwise perfect record at the...
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Why RIAs Are Better Off Planning Their Successions Today
According to a recent survey by DeVoe and Company, nearly half of all RIA firms managing more than $1 billion in assets experienced higher-than-average turnover rates in 2021. Now more...
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Making the Switch to RIA
Are you growing weary of the aggressive and expensive enforcement tactics being employed by your broker-dealer and the Financial Industry Regulatory Authority (FINRA)? Have you considered joining or starting your...
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Daytona Beach Advisor Removes Termination Disclosures
Fifteen years into his career as a financial advisor, this registered rep received a FINRA Form U5 termination disclosure from his firm for allegedly failing to inform the firm of...
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FINRA Disputes & U5 Terminations FINRA Expungement & Arbitration FINRA, SEC, State & CFP Board Enforcement IRS Tax Liens & Disclosures
Expungement Week 2022
AdvisorLaw has dominated the FINRA arbitration environment since being branded the "800-pound gorilla." We’ve successfully completed more advisor-initiated expungements than the rest of the industry combined. Over the past seven...
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Three-Arbitrator Panel Grants Expungement Of 2 Disclosures
In 2019, just six years into his career in the financial services industry, an advisor was hit with two customer disputes, each with a long list of allegations. While the...
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Four Tips For A Successful Sale Of Your RIA
Now is a good time to sell your financial advisory or wealth management practice. This month, at its 10th Deals and Dealmakers Summit, California investment-banking firm, Echelon Partners, reported “higher...
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