As the Financial Industry Regulatory Authority prepares to launch its Remote Inspections Pilot Program, the authority is providing resources about the initiative for member firms. According to a report by ThinkAdvisor, FINRA launched a web page with a detailed...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: May 2024
Industry recruiters assessing impact of FTC ban on non-competes
Recruiters in the financial industry are now assessing the effects of the Federal Trade Commission's ban on most non-compete agreements, reports ThinkAdvisor. One estimate notes that nearly one in five workers in the financial services industry have signed...
FINRA hits snags in effort to reform rule on brokers’ outside business activities
The Financial Industry Regulatory Authority continues to face hurdles in its efforts to reform rules governing brokers’ outside business activities, (OBAs) AdvisorHub reports. Over the past six years, FINRA has been working to revise Rule 3270 which states, "No...
Financial industry prepares for effects of ban on noncompete clauses
The financial industry is preparing for the impact of the Federal Trade Commission's nationwide ban on noncompete agreements, InvestmentNews reports. The agreements, which prevent workers from joining competing businesses or starting their own, would be phased out...
Final version of DOL rule makes IRA rollovers a fiduciary responsibility
The Department of Labor's new rule revising the definition of fiduciary advice makes it clear that advisers have a fiduciary responsibility when recommending IRA rollovers, according to an InvestmentNews report. The rule, which takes effect on Sept. 23, updates the...
