Market volatility is typically a time when investors reflect on their underlying portfolio risk. The concept applies equally to financial advisors confronted with the risks associated with client complaints, arbitrations and regulatory inquires. These risks...
Understanding Public Disclosures on FINRA’s BrokerCheck
Providing the public with relevant information about securities professionals and their firms is a central component behind BrokerCheck, a free tool administered by the Financial Industry Regulatory Authority, Inc. (“FINRA”). Over the past several years, FINRA has...
FINRA Audits: What to Expect and How to Prepare
Did you know that FINRA conducts between 1,500 and 2,000 audits a year? The Financial Industry Regulatory Authority (“FINRA”) delivers audits and regulation services to the financial industry. As a Self-Regulatory Organization (“SRO”), FINRA works closely with the...
Why and When Registered Representatives Should Consider Seeking Expungement
Expungement is the removal of certain disclosure events on a registered representative’s record – primarily customer complaints and arbitrations, and in some instances employment termination explanations. Once a disclosure event is expunged, it is no longer accessible...
Ponzi Schemes: 7 Warning Signs from the SEC
Do you know how to spot Ponzi Schemes? Are you aware of the warning signs? Recently, a Long Island firm lied to investors about having connections to Jay Z’s entertainment company, Roc Nation, and allegedly defrauded investors out of $70 million. More details can be...
