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.
Virginia Advisor Wins Expungement Of Covid-Related Claim From All Records
This Virginia-based financial advisor had made it 15 years into his career with a single customer dispute when he was hit with a second dispute in 2020 that resulted from...
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Form U5 Terminations: What To Expect & How To Protect Your Career
When a broker faces termination, it's not just the end of one chapter. It's the beginning of another — one that may involve Form U5 filings. These disclosures play a...
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Tax Liens & Your Financial Career: An Advisor’s Guide
As a financial advisor, maintaining a clean regulatory record is paramount to your professional success. One area that often catches advisors off-guard is the disclosure of negative financial events —...
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Southern-California Advisor Wins Expungement Of Internal Review Disclosure
In 2015, about 11 years into his career in financial services, this Southern-California-based advisor resigned from his broker-dealer firm and was subsequently sued by the firm. The firm then published...
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Outsourcing Your RIA Compliance To Experts —Always A Better Value
{{dc:post:title}}\n\n{{dc:post:publish_date format='M. d, Y'}}\n\n{{dc:author:display_name}}\n\n{{dc:author:bio}}\n\nIn the complex financial advisory landscape, adhering to regulatory standards, like the SEC's comprehensive marketing rule — spanning an extensive 430 pages alone — is crucial, but...
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Georgia Advisor’s Record Restored With Settled Customer Dispute Expungement
In 2021, this Georgia-based advisor was closing in on 20 years in the industry with a perfectly-clean record, when he was hit with a customer dispute alleging unsuitability and misrepresentation....
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Father/Son Team Wins Termination Disclosure Expungement & Over $500,000 Award In FINRA Arbitration
Two registered reps in Pennsylvania — a father and son — were both terminated from the firm, on the same date, for the same alleged reason. Each had been in...
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Deciphering The SEC’s Rule 204-2 For RIA Books & Records Requirements
The Securities and Exchange Commission (SEC) Rule 204-2 mandates that registered investment adviser (RIA) firms' books and records should be true, accurate, and current — whether they are stacked in...
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The Rise Of Independent Registered Investment Advisers: A Shift Away From FINRA
In recent years, a significant trend has emerged in the world of financial advising. An increasing number of financial advisors are making the bold decision to part ways with their...
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Strategically Selling A Financial Advisory Practice: Your Guide To A Successful Transition
Considering selling your financial advisory business? Learn essential steps for a successful transition, including timing, valuation beyond the "3X" rule, buyer options (internal vs. external), and presenting your practice's value....
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43-Year Veteran Advisor In Colorado Restores Impeccable Records With Expungement
An advisor in Colorado with a 43-year career had an impeccable record, aside from one denied customer dispute from 2012. He hired HLBS Law to seek expungement of the disclosure...
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Arizona-Based IAR’s Records Once Again Perfect After Customer Dispute Expungement
This Arizona-based investment adviser representative (IAR) had a disclosure-free record since early 2012 until a settled customer dispute hit his records in mid-2020. Eager to get his perfect records back,...
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Dual-Registrants FINRA | Brokers RIA Setup & Registration SEC & State | RIAs & IARs Starting your own RIA
Dual Registration Dilemma: Navigating FINRA & SEC Regulatory Shifts
Over the past decades, the financial advisory landscape has been experiencing a significant transformation with the rise of hybrid advisor-brokers who are registered with both the Securities and Exchange Commission...
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RIA M&A Activity Rebounds: Opportunities & Challenges For Wealth Managers & Advisors
In the ever-evolving landscape of finance and investment, mergers and acquisitions (M&A) serve as barometers of market health and investor confidence. Recent reports have shed light on a significant resurgence...
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Navigating Criminal Disclosures On FINRA’s Form U4
The Financial Industry Regulatory Authority (FINRA) has stringent regulations in place. As part of these regulations, individual financial advisors are required to disclose any criminal issues or allegations on their...
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Tucson Advisor Clears Records With Double Expungment
An investment adviser representative (IAR) in Tucson, Arizona has been in the industry since 1987. His records were stellar, aside from two customer disputes that had hit his records between...
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How To Buy A Registered Investment Advisor (RIA) Business
Are you considering acquiring a registered investment advisor (RIA) business or buying a financial planning practice? The process may seem daunting, but with the right knowledge and guidance, you can...
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California Advisor’s Record Is Cleared With Three-Disclosure Expungement
This advisor based in northern California has been in the industry since 2005. Between 2018 and 2019, his otherwise perfect record was marred by three customer dispute disclosures. All three...
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2024 SEC Examination Priorities: What RIAs Need To Know
The U.S. Securities and Exchange Commission (SEC) has once again unveiled its 2024 Examination Priorities. This annual release is a crucial document for registered investment advisors (RIAs), serving as a...
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30-Year Industry Veteran Restores Records With ARS Dispute Expungement
This Dallas-based advisor with over 30 years in the financial services industry had an impeccable record, aside from one customer dispute lodged in 2008. This advisor’s case was unique in...
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