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.
Illinois Advisor Expunges 10-Year-Old Customer Complaint
An Illinois financial advisor who has been in the business since 1995 finally expunged a ten-year-old FINRA record of a customer complaint related to the global settlement of Medical Capital...
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FINRA Expungement & Arbitration FINRA, SEC, State & CFP Board Enforcement IRS Tax Liens & Disclosures
CFP Board’s Reporting Standards Impact Advisors with Federal Tax Lien Notices
Contact Us Today! CFP® professionals have long been subject to a litany of requirements. The new reporting standard, set forth in the CFP Board’s Code of Ethics and Standards of...
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Advisors Must File Annual Amendments to Form ADV by March 31
Contact Us Today! It’s that time of year again! If your RIA’s fiscal year ended on Dec 31st, 2020, your Form ADV and annual filings are due March 31st, 2021....
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Financial Advisor Demands Expungement of Customer Dispute
A financial advisor out of Texas demanded the expungement of a customer dispute that was showing on his CRD and BrokerCheck records. The customer had alleged misrepresentation of a REIT...
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Advisor Requests Removal of Single Denied Customer Dispute Disclosure
A financial advisor out of New York who is growing his practice requests the removal of a single, denied customer dispute disclosure pertaining to the illiquidity in the auction rate...
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As Market Grows, Retiring Advisors Fail To Plan Successions
Contact Us Today! By 2030, Gen X and millennials are expected to inherit more than $23 trillion from prior generations. By 2045, a whopping $68 trillion will have been passed...
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Young Financial Advisor Seeks Expungement of U5 Disclosure
A young financial and investment advisor from Arizona sought expungement of a Form U5 termination disclosure from his Central Registration Depository (CRD) record and online BrokerCheck profile.
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FINRA Enforcement: Intimidation Tactics Against Advisors
Imagine you’re driving down the highway when you’re suddenly pulled over and accused of speeding. Do you fight the ticket or pay for it? We all know it’s the police's...
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SBA’s Additional Coronavirus Relief Creates Opportunities for Advisors
A one million dollar loan will provide approximately $55k in savings. With those extra funds, advisors could acquire a practice, consolidate debt, create working capital, pay for construction costs, or purchase commercial...
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Two Advisors Seek Combined Expungement of Customer Complaint
Two financial advisors who were hit with the same customer complaint sought expungement of their shared settlement disclosure from their Central Registration Depository (CRD) and BrokerCheck records.
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Advisor Successfully Expunges 8 Customer Dispute Disclosures
A registered CEO and CCO (Chief Compliance Officer) in the New York area sought the expungement of eight separate customer dispute disclosures from his BrokerCheck profile and the CRD.
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FINRA Expungement & Arbitration FINRA, SEC, State & CFP Board Enforcement RIA Compliance Starting your own RIA
Financial Advisors 2021 Marketing Landscape
Change is inevitable, especially in the world of marketing. Time-tested marketing approaches like networking, cold calling, seminars, and door knocking seem to still be working, but only to a certain...
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30-Year Veteran Wins Expungement Of 5 Customer Complaints
A financial advisor from Minneapolis had five customer complaints that had arisen over his 30-year career. He sought FINRA expungement of the complaints from his Central Registration Depository (CRD) record...
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RIAs Need More Than a Compliance Specialist
Now is the time to rethink your RIA firm’s compliance and regulatory support. As we regain our footing in 2021, are you confident that your firm’s filings are in order? In...
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FINRA Expungement & Arbitration FINRA, SEC, State & CFP Board Enforcement IRS Tax Liens & Disclosures
Did you know that IRS liens don’t have to be paid off to qualify for removal from your BrokerCheck and CRD record?
As we begin the new year and officially close the book in 2020, it’s more important than ever to take control of your online presence and protect your good name....
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When setting up a new RIA firm, should advisors use template services or professional compliance teams?
Launching your own registered investment adviser (RIA) firm is an exciting, but complicated, new chapter in your career as a financial professional. From drafting the ADV to communicating with regulators,...
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AdvisorLaw’s new “Rideshare Program” helps financial advisors expunge customer disputes and U5 termination disclosures
AdvisorLaw is now offering a "Rideshare Program'' for financial advisors seeking to expunge customer dispute or U5 termination disclosures for the entire month of December. With over 40 million visitors to BrokerCheck® every...
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Financial Advisor Succession Planning: A “Golden Parachute” for Your Career
Advisory practices around the U.S. have been faced with a new priority focus: succession planning. With many of the youngest baby boomers approaching their 60s, it’s alarming to learn that...
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Expungement Week 2020
Over the last five years, Doc Kennedy and AdvisorLaw have been dubbed the "800-pound gorilla" when it comes to FINRA arbitration cases. That reputation has been earned by absolutely dominating the FINRA...
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Advisors Pursuing Customer Dispute Expungements Before September Will Pay a Fraction of the New Cost
As published in the Federal Register, on June 1, 2020, the SEC approved FINRA’s proposed Rule changes to the customer dispute expungement process. Release No. 34—88945; File No. SR—FINRA—2020—005.
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