On April 5, 2019, FINRA issued Regulatory Notice 19-10 to provide guidance to departing registered representatives on customer communications. This is the second in a series to address the key points in FINRA Regulatory Notice 19-10.
Tagged with "Financial Advisors"
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FINRA Issues Regulatory Notice Which Provides Guidance on Customer Communications Related to Departing Registered Representatives- Part 2
Posted on April 15th, 2019 at 4:09 PM
SEC Examiners to Focus on How RIAs are Protecting Elderly Clients
Posted on March 13th, 2019 at 11:25 AM
During the IAWatch compliance event in Washington D.C. this month, SEC officials emphasized that examiners will continue to focus on how RIAs serve their senior clients.
Wells Fargo Advisors Cuts Payout for Low-Level Producers
Posted on December 18th, 2018 at 9:39 AM
Wells Fargo has announced its 2019 compensation plan for the firm’s 9,400 financial advisors. According to the compensation plan, Wells Fargo will continue to guarantee its financial advisors 50% payouts of all fees and commissions produced after hitting monthly hurdles.
Whose clients are they? Edward Jones sues $150M Ameriprise advisors
Posted on November 14th, 2018 at 5:10 PM
Edward Jones is suing two advisors who moved to Ameriprise for allegedly violating non-solicitation agreements, making this the latest case of a brokerage firm taking its former employees to court over client contacts.
Raymond James Terminates Seven Financial Advisors for Improper Sales of Unit Investment Trusts
Posted on November 5th, 2018 at 4:53 PM
Raymond James has terminated seven financial advisors nationwide for improper sales of unit investment trusts (UITs) as a result of a FINRA regulatory sweep over the supervision of UIT sales by broker-dealers across the country. According to the regulatory filings, the financial advisors were based in Michigan, Florida, and Georgia.
What to do When Faced with a Team Disagreement
Posted on September 5th, 2018 at 9:42 AM
When your team or partnership has issues or no longer can get along, the first step may not be to seek a resolution from your manager – whose interests may not be aligned with your interests. Instead, financial advisors need to locate their team agreement and seek assistance from a competent securities lawyer familiar with employment practices within the financial services industry.
Regional Firms Are Becoming a Favored Destination for Wirehouse Advisors
Posted on August 17th, 2018 at 9:39 AM
Recently, regional firms such as Raymond James, Stifel, Ameriprise, and Janney Montgomery Scott have become a favored destination for many successful wirehouse advisors who transition from the wirehouses.
Net 204 Brokers Left Wells Fargo in the Fourth Quarter
Posted on February 13th, 2017 at 12:07 PM
Across its private client, independent brokerage and in-bank brokerage channels, Wells Fargo Advisors experienced a net loss of 204 brokers during the fourth quarter of this past year.
Current Morgan Stanley Recruitment Deal
Posted on December 27th, 2016 at 10:45 AM
Morgan Stanley has marketed a recruitment deal to financial advisors which consists of an upfront cash payment between 100% and 175% with a 9 year term in place.
Do You Know How Your Alternative Investments Work?
Posted on October 9th, 2015 at 11:35 AM
The rapid innovation in the financial field gives investors numerous ways to achieve their goals. However, these new plethora of options have also exposed products hidden risks.
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