FINRA Expands BrokerCheck
Investors can now search both the BrokerCheck and IARD record of any securities professional or firm directly on the FINRA home page.
You’re Outta Here: Big Jump in Advisors Barred by States
For the third consecutive year, private offerings were the products most often reported at the heart of state securities cases, NASAA said.
‘Alarming’ Number of Broker Arbitration Records Wiped Clean: Study
A study of more than 1,600 arbitration cases over the past five years shows an “alarmingly high” rate of brokers who were able to get their arbitration histories wiped clean, according to a report released in mid-October by the Public Investors Arbitration Bar Association (PIABA).
Top 10 Threats Facing Investors, Small Businesses
NASAA warns that investors and small businesses should be on high alert in light of new rules under the JOBS Act.
‘Alarming’ Number of Brokers’ Arb Records Wiped Clean: Study
An author of the study by PIABA, a legal group, says that this a "major investor protection problem."
New Hire Roundup: Ohio Securities Commissioner Andrea Seidt to Lead NASAA
Stephanie Zaffos joined Convergent Wealth Advisors, Scivantage welcomed Jim Toussignant, and the SEC announced three staff promotions.
‘Big Switch’ RIAs Now Regulated by States Exhibit Similar Deficiencies on Exams: NASAA
A NASAA report on advisors who switched from SEC to state oversight shows deficiencies similar to smaller RIAs who had been regulated by the states.
Don’t Confuse Titles With Licenses, Warn SEC, NASAA
Unlike a license, certain titles and designations may be “simply purchased, or even made up" by advisors, the regulators warn.
Staples, Goldfarb Departures Not Linked, CFP Board Says
The CFP Board is now searching for a director of investigations to replace Rex Staples, whose last day will be Friday.
FINRA Review, Investor Choice Act Highlight Arbitration Anomalies
Two recent initiatives are intended to work in investors’ favor when it comes to the controversial practice of arbitration agreements.