FINRA's Rick Ketchum tells firms they need to move beyond compliance to win back investor trust. They need to make sure all disclosures, including legal, are written in plain, unequivocal English....More
In addition to the registration risk factors identified above by the SEC, broker-dealers and registered investment advisors may want to consider the two cases summarized below that involved TPAs....More
Times are great. The market is soaring. Stocks are generally doing well. And the woes of 2007 and 2008 are a faded memory. And, of course, all customers are singing the praises of their registered representatives – until the next crises....More
Advisors who hate the idea of linking to BrokerCheck on their websites are not out of the woods. Despite pulling its proposal last month, FINRA staff say the proposal is not dead....More
The belief that Internet retail is or will be more profitable than traditional retail is untrue. Amazon is in a competitive, low margin business that cannot justify the profit growth implied in its valuation....More
