SEC & FINRA Regulation Best Interest Enforcement Bags First Victims
FINRA has carried out more than 600 firm exams since the implementation of Regulation Best Interest (Reg BI) in June 2020. Exactly a year later, the Securities and Exchange Commission...
Read More
How do I secure lending to acquire a financial practice?
If you’re interested in buying a financial practice but need additional financing to get the ball rolling, there are a number of considerations to take into account. On this week’s...
Read More
AdvisorLaw Response To FINRA’s Attempt To Decimate Expungement
Last month, we publicized FINRA's new attempt at gutting the expungement process for advisors who wish to clear their records of meritless complaints (SR-FINRA-2022-024). The highlights of the proposed rule...
Read More
SEC and DOL Implement Several Significant Changes
In the first half of 2022, the Securities & Exchange Commission and the Department of Labor implemented or proposed a number of significant changes to the regulatory regime governing registered...
Read More
Reviewing FINRA’s Annual Report Might Just Make You Want To Start An RIA
FINRA just released its annual report. Every year at AdvisorLaw, we have a hard time reconciling the sheer amount of money floating around this self-regulatory organization (SRO) and the relatively...
Read More
Private Equity Rules Set To Change
A proposed rule that would strengthen the disclosure requirements and scrutiny of private fund advisors is being fought by investment advisors and RIA firms. The extended comment period has officially...
Read More
FINRA Enforcement Trends & Updates
Evaluations Under FINRA Rule 4111 FINRA-member firms and brokers across the U.S. have been under immense pressure over the last month since FINRA began its firm evaluations under the new...
Read More
How does AdvisorLaw charge for ongoing compliance?
AdvisorLaw stays ahead of SEC and state regulatory changes so that RIAs can focus on building and growing their business. Custom-tailored to each individual firm, we provide an array of...
Read More
What if I was wrongfully terminated by my broker-dealer?
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 seen hundreds of cases...
Read More
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...
Read More
FINRA Expungement & Arbitration FINRA, SEC, State & CFP Board Enforcement IRS Tax Liens & Disclosures
Timely Disclosure Of IRS Tax Liens, Judgments, Bankruptcies
*Notices from FINRA or the SEC are extremely time-sensitive. If you received an enforcement action, call us right now at (303) 952-4025 to talk with an attorney and receive a priority consultation...
Read More
FINRA Disputes & U5 Terminations FINRA Expungement & Arbitration FINRA, SEC, State & CFP Board Enforcement
Rule 4111 & Proposed Restrictions On Expungement Process Force Firm-Wide Disclosure-Removal Efforts
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...
Read More
What is an on-the-record (OTR) interview, and how should I prepare for it?
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 on an investment-related or...
Read More
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...
Read More
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,...
Read More
How many expungement cases does AdvisorLaw handle?
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 new restrictions to the...
Read More
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...
Read More
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 —...
Read More
What is needed to file and update my Form ADV?
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 the new Form ADV...
Read More
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...
Read More