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.
Financial Consultant Restores Perfect Record With Expungement
A 35-year veteran of the industry had a single disclosure on his otherwise-perfect record. The nearly 17-year-old claim alleged an omission of facts, sought damages of about $8,700 and had...
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What if I was wrongfully terminated by my broker-dealer?
https://www.youtube.com/embed/HgOeQUmAIlk Contact Us Today! FINRA’s Form U5 filing requirement is a one-sided weapon that firms frequently employ in their attempts to obliterate financial advisors’ and wealth managers’ careers. We have...
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Three Key Factors To Consider Before Selling Your RIA
M&A activity is still at an all-time high, inspiring many advisers to sell their registered investment advisor practice or wealth management book of business. RIA merger and acquisition activity had...
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Louisiana Advisor Restores Record By Removing U5 Termination
A Louisiana-based advisor had one disclosure on his record — a Form U5 termination from 2009 alleging that he had “altered” a client’s variable annuity policy form. He hired AdvisorLaw...
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FINRA Expungement & Arbitration FINRA, SEC, State & CFP Board Enforcement IRS Tax Liens & Disclosures
Timely Disclosure Of IRS Tax Liens, Judgments, Bankruptcies
Financial advisors who are devoted to their clients and cautious to avoid any potential customer disputes, complaints, claims, or termination events may be able to maintain CRD and BrokerCheck records...
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FINRA Disputes & U5 Terminations FINRA Expungement & Arbitration FINRA, SEC, State & CFP Board Enforcement
Rule 4111 Forces Firm-Wide Disclosure-Removal Effort
As of June 1st, the new FINRA Rule 4111 is now effective, and the SRO has been hard at work attempting to highlight and hold accountable firms that house an...
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Michigan Advisor Removes Termination Disclosure From Records
An advisor in Michigan who has been in the industry for nearly 25 years had a ten-year-old Form U5 termination disclosure from FINRA with vague allegations pertaining to the advisor...
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What is an on-the-record (OTR) interview, and how should I prepare for it?
https://www.youtube.com/watch?v=DeuXpzDKrcU Contact Us Today! One of the final stages of a FINRA investigation is an on-the-record interview, or "OTR." An OTR is similar to a deposition or interrogation that focuses...
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FINRA Disputes & U5 Terminations FINRA Expungement & Arbitration FINRA, SEC, State & CFP Board Enforcement
Managing The Form U5 When Departing A Firm
After leaving a firm, should you worry about your Form U5? When it comes to leaving a broker-dealer or wirehouse — whether on a voluntary or involuntary basis — every...
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Mock Exams — Integral Tools Keeping RIAs Compliant
The Securities and Exchange Commission (SEC) has significantly intensified its examinations of RIAs in recent years. The Commission performed 2,251 exams on 16% of RIAs in the fiscal year 2021,...
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Sole Customer Dispute Expunged From Phoenix Advisor’s Records
A Phoenix-based advisor with over 15 years in the industry sought to expunge the only customer dispute on his records — a claim of unsuitability regarding a 2011 recommendation that...
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How many expungement cases does AdvisorLaw handle?
https://www.youtube.com/embed/rHaEFBjjOqI Contact Us Today! Did you know that AdvisorLaw handles nearly 50% of all FINRA disclosure expungements? We have been helping advisors restore their reputations for nearly a decade. With...
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Advisor Expunges Form U5 Termination Disclosure From 2013
A Los Angeles-based advisor with over 20 years in the industry sought expungement of the one mark on his public record — a termination disclosure from nearly a decade earlier....
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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
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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New Jersey Advisor Removes Four Settled Customer Disputes
An advisor in New Jersey who has been in the industry for nearly 30 years sought expungement of four, settled customer disputes that dated back to 2000. He hired AdvisorLaw...
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20-Year-Old Dispute With $225,000 Settlement Expunged
A Seattle-based advisor had a customer dispute disclosure on his records since 2002, reflecting $650,000 in damages sought and a settlement of $225,000. Seeking to clear his record of the...
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What is needed to file and update my Form ADV?
https://www.youtube.com/embed/ukLYMWGvl0g Contact Us Today! 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...
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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: A Complete Guide for Financial Professionals
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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