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.
Adding a Custodian to Your Registered Investment Advisor Business
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...
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Advisor Expunges Termination & Internal Review Disclosures
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...
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What does ongoing RIA compliance involve?
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...
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How The CFP® Board Enforces Its Disciplinary Process
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...
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6 FINRA Customer Disputes Expunged Dating Back To The 1990s
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...
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Transitioning Your RIA To The SEC’s New Marketing Rule
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...
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What You Should Know About FINRA’s Background Check Requirements
FINRA Rule 3110 pertains to its member firms’ supervision of associated persons. It requires that “ach member shall establish and maintain a system to supervise the activities of each associated...
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Why are some terminations not publicly disclosed on BrokerCheck?
https://www.youtube.com/embed/0qOZWxZBt8Y Contact Us Today! Any time a rep leaves a firm, they are required to file a Form U5 describing the circumstances under which the rep departed. On this week’s...
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FINRA is Out For Blood When it Comes to U4 Tax Lien Disclosures
Since its early days, AdvisorLaw has successfully assisted financial industry professionals with expunging disclosures from their records. Undisclosed federal and state tax liens can have a drastically negative impact on...
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Washington Advisor Wins Expungement Of Two Settled Customer Dispute Disclosures
A 30-year veteran of the financial services industry sought FINRA expungement of three customer disputes, two of which we settled, dating back to 2003. When the advisor was just beginning...
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Pennsylvania Advisor Clears His Records Of Disclosures
An advisor in Pennsylvania had been in the financial services industry with Merrill Lynch for nearly 30 years. Two customer disputes — each of which arose after unprecedented market turmoil...
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Advisor Removes Unwarranted Form U5 Termination Disclosure
An investment adviser representative in Arizona hired AdvisorLaw to seek FINRA expungement of an unwarranted Form U5 termination disclosure that had been marring his records for nearly five years. The...
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Safely Transitioning From Broker Protocol and Non-Protocol Firms
It’s common knowledge in the financial services industry that many broker-dealer firms will take extreme measures to dissuade their registered representatives from departing a firm with their clients, and the...
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2021 Year-In-Review & Preview Of FINRA Priorities For 2022
2021 was quite the year in the securities industry — another year of incredibly-volatile markets, as COVID-19 continued to interrupt daily life, and another year of FINRA attempting to prove...
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South Carolina Advisor Removes 3 Disputes From His Records
A 30-year veteran of the financial services industry sought FINRA expungement of three customer disputes, two of which we settled, dating back to 2003. The first customer dispute arose after...
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What’s the best way to resolve my tax liens with the IRS?
The optics of a tax lien are never good for financial advisors and wealth managers. That’s why it’s always in their best interest to resolve any tax liens with the...
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FINRA Disputes & U5 Terminations FINRA Expungement & Arbitration FINRA, SEC, State & CFP Board Enforcement
FINRA CEO Says Changes To The Expungement Process Are Forthcoming
Although advisors currently have the option to seek expungement of disclosures from their CRD, BrokerCheck, IARD, or IAPD records, the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory...
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Form ADV Filing: Is Your RIA Compliant?
Whether you’re starting your own registered investment adviser, or RIA, firm, or your RIA is in need of a Form ADV update, it’s important to ensure that the processes required...
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Ohio Advisor Restores His Spotless Record After Dispute
An advisor in Ohio had a perfect public record, aside from a sole customer dispute. The claim had been denied by the Ohio Department of Insurance, yet it plagued the...
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Advisor Expunges Three Heavily-Settled Customer Disputes
A California-based, veteran advisor of more than 25 years had incurred three customer disputes in October of 1998. The claims alleged negligence and failure to supervise in relation to fraud...
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