Intra-Industry Arbitrations

FINRA is now permitting RIAs to participate in its arbitration process.  The details will be forthcoming.

Traditionally, FINRA arbitrations were for broker-dealers to resolve their disputes.  This is a significant

Continue Reading Is this FINRA’s First Play for RIA Oversight? Opening FINRA Arbitration to RIAs

The SEC recently completed the Dodd-Frank mandated study on financial literacy for retail investors and it revealed, not shockingly, an absence of basic financial literacy.  The study also found that

Continue Reading If Your Client Does Not Understand Your Recommendation, You Need To Do More

Recently, an investor advocacy group petitioned the SEC to prohibit brokerage firms, who offer wraparound accounts, to also provide investment advice through both a duly registered BD and investment adviser. 

Continue Reading PRIVATE GROUP SEEKS TO BAN ACCOUNTS FROM DUAL REGISTRANTS