Financial advisors called in for an OTR (on-the-record) interview with FINRA often have questions about what that is and how it works. In this short video, we'll answer many of the common questions about how the OTR works, and what a FA should expect walking into the interview.
Financial advisors, insurance agents and CPAs are invited to join us on Wednesday, October 11, 2017 at 4PM Eastern for an update on estate planning in Georgia. Learn the foundational tools used for most clients in Georgia, and also get up to speed on changes in the law in 2017, including changes to Georgia's power of attorney act.
FINRA sanctioned a financial advisor for settling a client complaint away from his firm, in violation of Rule 2010, after the client complained, on three occasions, about the amount of commissions being charged by the advisor.
What is a FINRA OTR, or on-the-record interview. In short, it is a formal interview by the FINRA staff, where a witness is under oath and the questions and answers are taken down by a court reporter. It is an investigative tool in certain investigations. If you are called to testify at an OTR, you should seek counsel, and be prepared for the interview.
Each week we receive a question (or more) from financial advisors interested in cleaning up their Form U4 and removing negative disclosures. In response to these frequent questions, we've prepared a free report, The Financial Advisor's Guide to a Cleaner Form U4, that answers several FAQs, and also answers questions that advisors should be asking but often are not.