The federal government has a significant interest in safeguarding investors. In the wake of the great market crash that ignited the Great Depression, the U.S. government created the Securities and Exchange Commission (SEC) in order to better ensure that the markets...
Do you understand options trading? Most people have little to no idea what it is. Only experienced, knowledgeable investors are in a position to understand the risks and potential benefits. The Financial Industry Regulatory Authority (FINRA) recently announced a...
Yes. Specifically, if your advisor was licensed through the Financial Industry Regulatory Authority (FINRA), you can file an arbitration claim to get some or all of your money back. Whether your claim will succeed depends on exactly what happened. All investments...
You may. If a registered broker-dealer or investment adviser sold you an investment that went against your risk profile and you lost money, they may have violated their legal duty to you. You may be able to get your money back via mediation or arbitration through the...
When you work as a representative of a broker dealer or investment advisory firm, you are required to register with the appropriate jurisdiction and/or self-regulatory organizations like the Financial Industry Regulatory Authority (FINRA). If you leave your firm for...
The Financial Industry Regulatory Authority (FINRA) publicly posts statistics about the arbitration proceedings held under its auspices. As of this writing on August 5, the 2022 numbers are available through June, providing an interesting overview of the kinds of...
Investing is risky. As an investor, you shoulder most of the risk, and there are no guarantees that you’ll see a return on your investment. Even losing money due to a financial advisor’s bad advice isn’t enough to take legal action as long as they follow government...
Investment advisors and brokers who invest on others’ behalf are required to have a reasonable basis to believe that the investments they choose are suitable for the customer’s investment profile. They must be acting on information obtained through reasonable...
Disputes between financial advisers and their employers are often complex. Broker-dealer and registered investment adviser (RIA) firms often entice financial advisers to join their organizations through sign-on bonuses and opportunities for higher earnings. That’s...
When a registered broker-dealer or investment advisor leaves a firm for any reason, the reason is submitted to the appropriate jurisdiction and self-regulatory agencies, including the Financial Industry Regulatory Authority (FINRA). That means that future employers...
