Navigating the Aftermath: Financial Advisor Terminations and The Form U5
Being fired is never easy, but it is a particularly challenging and uncertain time for licensed financial advisors and their…
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First Republic Financial Advisors Impacted by Bank’s Failure
First Republic Bank’s May 1, 2023, collapse marked the largest U.S. bank failure since the 2008 Great Recession, when Washington…
Read MoreI Live and Work in California. Am I Bound by the Non-solicitation and Non-compete Clause I Signed With My Employer?
Many employees have faced this situation. You have accepted a new position with a new employer. On your first day,…
Read MoreADVISOR ALERT: California DFPI Proposes New Rule to Adopt the NASAA’s Continuing Education Model Rules for IARs
On November 16, 2022, the California Department of Financial Protection and Innovation (“DFPI”) proposed new regulations under the Corporate Securities…
Read MoreSEC Warns Broker-Dealers and Advisers About Disclosing Conflicts of Interest
Under both Regulation Best Interest (“Reg BI”) and the Investment Adviser fiduciary standard, firms and financial professionals should provide recommendations…
Read MoreFA Transition Bonuses On the Rise: What Was Old is New Again
Five years ago, Merrill Lynch, Morgan Stanley, UBS, and other large broker-dealers announced sweeping changes to their compensation policies, including…
Read MoreFINRA Updates Continuing Education Program for Registered Persons
The Financial Industry Regulatory Authority (“FINRA”) recently announced important changes to its rules which deal with continuing education for registered…
Read MoreProposed Updates to Electronic Recordkeeping Requirements for Broker Dealers
On November 18, 2021, the U.S. Securities and Exchange Commission proposed updates to the Securities Exchange Act of 1934 rules…
Read MoreSEC Fines 27 Investment Advisers for Form CRS Issues
The SEC’s Division of Enforcement announced action against a whopping 27 investment advisers in connection with issues relating to the…
Read MoreExpected Presidential Order Likely to Limit Use Of Non-Compete Agreements And The Potential Impact On Broker Transitions
On Wednesday July 7th, the White House announced President Biden intends to issue a Presidential Executive Order limiting the use…
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