Regulation and Compliance issues for Wealth Professionals can be challenging to navigate especially when the SEC is involved. Catch the latest news and analysis on compliance updates that impact financial advisors.
Financial services firms know that when FINRA or the SEC decides to mount an examination, one of the top things they look at is a firm's communications - both the content and the written policy governing the messages, if there is one...
In its annual regulatory and examination priorities letter released Thursday, FINRA said in 2014 it will put a new focus on brokers who leave firms that have been “severely disciplined by FINRA.” The regulator will also be cracking...
In April 2012, FINRA released Regulatory Notice 12-18, which features the Authority's proposed overhaul of the broker expungement process. The overhaul applies primarily to brokers whom customers do not name as defendants to their...
FINRA is contemplating a rule that would require brokers to disclose any incentives they receive to jump to another firm. It’s likely to pass and that will change how recruitment deals are structured in the future.
Moving to another firm can be like entering a war zone—the biggest threat being client casualties. The most successful firms are those that help advisors hang on to clients through the transition.
For the last several years, industry experts (and WealthManagement.com) have talked about the small independent broker/dealer as if it were an endangered species. Sure, many small b/ds—bogged down by increasing regulation, compliance costs, li...