The Securities Exchange Commission Office of Investor Education has issued a recent bulletin concerning financial advisors. The SEC and FINRA have been under a great deal of pressure. Both Congress and consumer groups are looking for evildoers. So, the politically easy reaction is to attack financial advisors. Financial advisors are…
For Financial Advisors (stockbrokers), the easing of the sealing and expunging process of Financial Advisor complaints is welcome news, and for anyone who owns stocks, this news may be, well…unwelcome. First a little backgrounder: The New York Stock Exchange has been on an historic run-up. Since the meltdown of 2007-2008,…
There is a major sea-change coming and it will lift many Brokers’ boats: FINRA lost a major case in California and is forced to retreat from its position refusing to deal with Broker Check defamation. Financial Advisors, prior to a case that came out in October 2012 ( Lickiss v.…