Reaching $250 Million In AUM Unlocks More Options For Advisors
RIA Compliance RIA Setup & Registration Starting your own RIA

Reaching $250 Million In AUM Unlocks More Options For Advisors

When an advisor’s assets under management hit $250 million, their options expand from those that were available to them when their AUM fell below that threshold. Along with more options,...
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Form U5 Termination Events
FINRA Disputes & U5 Terminations FINRA Expungement & Arbitration FINRA, SEC, State & CFP Board Enforcement

Form U5 Termination Events

Any time a rep leaves a firm, regardless of the reason, the firm is required to file a Form U5 describing the circumstances under which the rep departed, within 30...
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What is FINRA Rule 1017(a)(7)?
FINRA Disputes & U5 Terminations FINRA Expungement & Arbitration FINRA, SEC, State & CFP Board Enforcement IRS Tax Liens & Disclosures

What is FINRA Rule 1017(a)(7)?

The effects and consequences of disclosures on advisors’ records have been growing larger and more severe over the past several years. With the implementation of the requirement to provide a...
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P.R. Bond Disputes Cleared From BrokerCheck
FINRA Expungement & Arbitration

P.R. Bond Disputes Cleared From BrokerCheck

Even when advisors are genuinely invested in their customers’ interests and attentive to their customers’ needs, events that are fully outside of advisors’ control can leave them with complaints, disclosures,...
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Restricted Expungement Processes Are On The Horizon
FINRA Disputes & U5 Terminations FINRA Expungement & Arbitration FINRA, SEC, State & CFP Board Enforcement

Restricted Expungement Processes Are On The Horizon

There are thousands of financial advisors across the US who have had their public image tarnished by a meritless or completely false disclosure that was published on their CRD, BrokerCheck,...
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Form CRS: It’s Mandatory!
FINRA, SEC, State & CFP Board Enforcement RIA Compliance

Form CRS: It’s Mandatory!

The SEC has been cracking down on broker-dealers and RIA firms that fail to file and deliver their Regulation Best Interest disclosure forms, including Client Relationship Summaries, or Forms CRS,...
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Ask an AdLaw Expert: Is there a way to remove IRS tax lien disclosures from BrokerCheck?
FINRA Expungement & Arbitration IRS Tax Liens & Disclosures

Ask an AdLaw Expert: Is there a way to remove IRS tax lien disclosures from BrokerCheck?

Is there a way to remove IRS tax lien disclosures from BrokerCheck? Tax debt disclosures subject advisors to higher scrutiny and threaten job security. That’s why this week’s Ask An...
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Rule 4111: FINRA Punishes Advisors with Checkered Past
FINRA Disputes & U5 Terminations FINRA Expungement & Arbitration FINRA, SEC, State & CFP Board Enforcement

Rule 4111: FINRA Punishes Advisors with Checkered Past

On September 28, FINRA adopted its previously proposed Rule 4111 — Restricted Firm Obligations. The Rule applies to broker-dealers with a history of misconduct or those with a concentration of...
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Advisors Protecting Their Greatest Asset: How to Avoid and Minimize Disclosures On Your Forms U4/U5
FINRA Disputes & U5 Terminations FINRA Expungement & Arbitration FINRA, SEC, State & CFP Board Enforcement IRS Tax Liens & Disclosures Webinar

Advisors Protecting Their Greatest Asset: How to Avoid and Minimize Disclosures On Your Forms U4/U5

You've worked hard and made many sacrifices to build a successful advisory business. But arguably, your greatest asset is your reputation. Any negative disclosures on your public records (BrokerCheck, the...
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What events will trigger a FINRA inquiry?
FINRA Disputes & U5 Terminations FINRA Expungement & Arbitration FINRA, SEC, State & CFP Board Enforcement IRS Tax Liens & Disclosures RIA Compliance

What events will trigger a FINRA inquiry?

The longer your career as a financial advisor, the higher your chances of being hit with the dreaded FINRA inquiry. That’s why it’s important to know exactly what will trigger...
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How does AdvisorLaw help recruiters?
FINRA Expungement & Arbitration FINRA, SEC, State & CFP Board Enforcement Mergers & Acquisitions Recruiting RIA Setup & Registration Starting your own RIA

How does AdvisorLaw help recruiters?

Let’s say you were just approached by a lead advisor with a team who’s seeking counsel for the team’s next big move — they’re excited to discuss recruiting options with...
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What Constitutes a Breach of Fiduciary Duty — Four Elements
FINRA Disputes & U5 Terminations FINRA Expungement & Arbitration FINRA, SEC, State & CFP Board Enforcement

What Constitutes a Breach of Fiduciary Duty — Four Elements

When one party is entrusted with the care of funds or property and must act on behalf of another, a fiduciary duty is created. As the former party is obligated...
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What types of disclosures can be expunged from FINRA’s BrokerCheck site?
FINRA Disputes & U5 Terminations FINRA Expungement & Arbitration FINRA, SEC, State & CFP Board Enforcement IRS Tax Liens & Disclosures

What types of disclosures can be expunged from FINRA’s BrokerCheck site?

Did you know that there are more than 25 different types of disclosures that FINRA uses to mark up BrokerCheck records? This week, on "Ask An AdvisorLaw Expert," we talk...
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FINRA’s “Willful” Non-Disclosure of Tax Liens
FINRA Expungement & Arbitration IRS Tax Liens & Disclosures

FINRA’s “Willful” Non-Disclosure of Tax Liens

Among the other disclosures required by Form U4, reps are required to disclose information dating back ten years that pertains to bankruptcies, conflicts with creditors, and other financial issues. Disclosure...
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How To Plan Your Transition Away From A Broker-Dealer
FINRA Disputes & U5 Terminations RIA Setup & Registration Starting your own RIA

How To Plan Your Transition Away From A Broker-Dealer

If you’re planning to transition away from your current broker-dealer, it’s imperative to take a knowledgeable and cautious approach to communicating with your clients. Naturally, you’ll want to retain as...
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Are you in compliance with the SEC’s new marketing rule?
FINRA, SEC, State & CFP Board Enforcement RIA Compliance RIA Setup & Registration

Are you in compliance with the SEC’s new marketing rule?

Effective May 4, 2021, the SEC’s new marketing rule for investment advisers, 17 CFR § 275.206(4)-1, made significant changes to the way SEC-registered advisers should think about advertising and solicitation. ...
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What is a FINRA Acceptance, Waiver, and Consent (AWC)?
FINRA Disputes & U5 Terminations FINRA Expungement & Arbitration FINRA, SEC, State & CFP Board Enforcement

What is a FINRA Acceptance, Waiver, and Consent (AWC)?

An Acceptance, Waiver, and Consent (AWC) is FINRA’s version of a settlement or plea agreement following an investigation into an alleged rule violation. States often refer to the agreements as...
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Expungement Week 2021
FINRA Disputes & U5 Terminations FINRA Expungement & Arbitration FINRA, SEC, State & CFP Board Enforcement IRS Tax Liens & Disclosures RIA Compliance Starting your own RIA

Expungement Week 2021

Since being dubbed the “800-pound gorilla,” AdvisorLaw has absolutely dominated the FINRA arbitration landscape. We are responsible for more advisor-initiated expungements than the rest of the entire industry, combined. Over the last six...
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How do I form a new RIA and what are the minimum requirements?
RIA Setup & Registration Starting your own RIA

How do I form a new RIA and what are the minimum requirements?

Have you ever considered starting your own registered investment adviser (RIA) firm? If so, there are a number of things to consider when choosing the path of independence. This week,...
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Disclosing Tax & Financial Events On The Form U4
FINRA Disputes & U5 Terminations FINRA Expungement & Arbitration FINRA, SEC, State & CFP Board Enforcement IRS Tax Liens & Disclosures

Disclosing Tax & Financial Events On The Form U4

In recent years, FINRA has consistently maintained that it views timely and accurate Form U4 reporting to be critical, and it has voiced its intent to take action against advisors...
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