An advisor in Boston with nearly three decades in the industry had a criminal disclosure on his records stemming from an incident that occurred back in 1998. The advisor hired...

In the last few months, the SEC sent out hundreds of sweep letters to registered investment advisor firms requesting information regarding communication devices, policies and procedures, training, oversight, recordkeeping, and...

A Colorado advisor approaching 20 years in the financial services industry had one, pesky customer dispute that had stained his records for more than half of his career. He reached...

Contact Us Today! AdvisorLaw is pleased to announce another successful closing on an M&A transaction for one of our valued clients. This particular client was an independent advisor with over...

The Form U5 is a document used to report the termination of financial advisor (FAs) registrations from a firm or in a particular jurisdiction. Although there are different types of...

A 45-plus-year veteran of the financial services industry had five customer disputes that had accumulated on his public BrokerCheck and CRD records between 2013 and 2018. The customers had sought...

An advisor out of Louisiana approaching a quarter of a century in the industry had three customer disputes on his records. Two of the disputes had been lodged around 2010,...

The Securities and Exchange Commission (SEC) recently approved FINRA's new rule that allows it to display an alert on its BrokerCheck tool when a brokerage firm is flagged as "restricted."...

On November 15, 2022, the U.S. Securities and Exchange Commission (SEC) announced the results of its latest round of enforcement actions against investment advisors. Compared to FY 2021: Enforcement actions increased...

In the late 1990s, about ten years into his career as a financial services professional, this advisor was terminated from the firm he had joined not two years prior. After...

Last week, AIMR Analytics launched a new website, AdvisorCheck.com, which pulls together data from both BrokerCheck and the Form ADV so that prospective investors and hiring firms can easily weed...

As March quickly approaches, RIAs are reminded that it’s time to review their annual compliance. Every year, it’s vital for firms to hold an annual meeting with employees to thoroughly...

The first dispute arose in 2001, from customers who had only become clients of our advisor the year prior. The customers sought life insurance and tax deferral, and they purchased...

Each month, FINRA releases a Disciplinary Action report documenting any enforcement actions brought against its roughly 612,000 registered representatives throughout the year. Compared to FY 2021: Enforcement cases decreased by...

In 2009, a Wisconsin-based advisor with a perfect record was hit with a customer dispute disclosure alleging misrepresentation and seeking damages of about $50K. The firm denied the claim, yet...

Contact Us Today! AdvisorLaw is proud to announce the transition of a financial advisor from Colorado, who has over 30 years of experience in the wirehouse industry. This individual services...

There are many important considerations when it comes to choosing a custodian for your RIA. An RIA custodian is an independent, third-party broker-dealer that provides services, such as executing transactions,...

Over a decade into his career, a D.C.-based investment advisor rep had a five-year-old termination disclosure for allegedly failing to comply with firm policies regarding outside business activities (OBAs). Seeking...

In this week’s Ask An AdvisorLaw Expert, we’re asking the OG of FINRA industry disputes, Dochtor Kennedy, MBA, J.D., what happens when investors make formal complaints against advisors and how...

Between 1999 and 2021, this 30-plus-year industry veteran accumulated nine customer disputes on his public records, four of which reflected settlements that ranged from $15,000 to nearly $200,000. With FINRA’s...