What violations are catching FINRA’s attention?

Quarantine doesn’t slow down suitability violations. FINRA is consistent in their review of unsuitable recommendations. Despite this being a hot topic for FINRA and all the cases they consistently have, there are violations happening at an alarming rate. Here are the main points to consider:   1: Review your WSPs for suitability and make sure […]

Is your Cybersecurity Program Air Tight?

On January 27th 2020 the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) issued examination observations related to cybersecurity and operational resiliency practices taken by market participants.  OCIE observed a wide range of industry practices which included governance and risk management, access rights and controls, data loss prevention, mobile security, incident response […]

7 things advisers wish they knew BEFORE they decided to deal with the SEC

Have you been contacted by the SEC? Have you hired legal counsel to represent you? If not, one simple mistake could ruin your career. You can trust us when we say don’t go at this alone because we’ve seen others unknowingly get themselves into trouble with the SEC. They thought they were being asked to […]

Are you worried about being sued for wrongful termination?

Are you worried about having to pay unemployment?  Are you unsure of how to handle a meeting where you are terminating an employee? Do you want to make sure that your firm won’t face legal trouble for firing an employee? Terminating an employee is a stressful situation, and it can be made worse by ineffective […]

Form U-5 & Expungements

U-5 Summary The Financial Industry Regulatory Authority (FINRA) establishes rules and regulations for broker-dealer member. This includes termination of employees. Within 30 days of terminating an employee, you are required to complete and file a Form U5. You are required to disclose the reason for termination. A completed U5 becomes part of the employees Central […]

Conflict Resolution

Conflict happens. You’ve probably experienced it with a coworker or difficult client. There are several legal ways you can handle conflicts. Whether it’s a breach of contract or dispute over management of assets, it’s important to consider the pros and cons of each avenue. Mediation The process of mediation allows negotiations between disputing parties with […]