Registered Representatives

It was great speaking at the May 17 New York NSCP regional conference on risk issues facing firms where Ernie Badway and I discussed cyber-security, risk issues, regulatory matters, issues…
Continue Reading Take Away From The NSCP New York Regional Conference

In this day and age of instant information and overstretched supervisory personnel, you have to be careful to avoid forgoing a very useful supervisory tool. Meeting face to face with…
Continue Reading Why Face-to-Face Meetings Are Necessary for Proper Supervision

Unlike lawyers, especially litigators, the business model of a financial advisor is not dependent upon clients being stupid. Instead, financial advisors depend on their clients making smart decisions after full…
Continue Reading Why stupid clients should not ruin your business model

FINRA recently barred a registered representative and fined that person $52,270, which represented the commissions he received from the sale of debentures to 12 senior investors. So what was so…
Continue Reading So Who Thinks FINRA Is Not Serious About Elder Issues?

In a recent SEC enforcement action, a registered representative was suspended for 6 months and fined $75,000 for, among other things, forwarding confidential client information from his personal email to…
Continue Reading Don’t Forget This Data Security Risk

Client relationships and expectations can be the source of success and liability at the same time.  Ernie Badway and I will be speaking on May 17 in New York City…
Continue Reading It is never too late to learn about risk avoidance

With the exception of those of you who have literally been asleep for the last few years, you are well-versed in the attention FINRA and the SEC are giving to…
Continue Reading Are Regulations Regarding Elder Investors Inevitable?