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.
What To Look For In An RIA Compliance Consultant
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...
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Separating From Your Broker-Dealer
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...
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Advisor’s Four Decades-Old FINRA Disclosures Expunged
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...
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Advisor Expunges A 2020 FINRA Form U5 Termination Disclosure
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...
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Is there any way to get back the fees and interest charged on my IRS penalties?
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...
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FINRA Disputes & U5 Terminations FINRA Expungement & Arbitration FINRA, SEC, State & CFP Board Enforcement IRS Tax Liens & Disclosures
The BrokerCheck System’s Irrationality
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...
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How A Market Decline Could Affect The Value Of Your Business
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...
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Midwest Advisor Successfully Expunges 3 Criminal Disclosures
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...
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San Francisco Advisor Expunges U5 Termination Disclosure
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...
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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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