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...
If you believe that a broker or brokerage firm has treated you unfairly, you may have a claim for money damages. Depending on your exact situation, you may wish to seek damages in arbitration through the Financial Industry Regulatory Authority (FINRA). FINRA is a...
When individual investors engage in options account trading, the potential for monetary gain is there, but also risk of financial loss. Because options trading can be more complex than some other kinds of investment, retail (individual) investors may elect to rely on...
Across the country, a variety of commercial, government and nonprofit entities regularly outsource tasks to third parties. Whether to cut the costs of having employees do the work or to subscribe to the idea that cheaper is always better, when broker-dealer firms...
Many individuals use low- or no-commission brokers to purchase and sell their investments in various securities. While this seems like a good deal – and it probably is – federal regulators require discount brokers to diligently monitor whether their customers’...
