What is the Form U5, and what does it do? Those are common questions, and attorney Joel Beck answers those in today's post and video. Check for subsequent posts continuing this series to help you understand the Form U5.
In September 2018, the US Court of Appeals for the 11th Circuit affirmed a SEC decision (which affirmed a FINRA action) holding that a registered person became statutorily disqualified from association with a broker-dealer due to a finding that he willfully failed to amend his Form U4.
Financial advisors ask us from time to time whether they need a lawyer for an OTR with FINRA. The answer is a resounding YES. In today's post, Joel recaps how things can turn very poorly when an advisor takes the approach of going it alone and telling their story.
Wells Fargo has reportedly terminated several investment bankers and analysts over issues regarding the after-hours meal expense policy, and are investigating many others for issues with this policy. If you've left Wells Fargo after an internal review into this matter, you need to prepare for a regulatory investigation by FINRA, as they look to determine whether there have been any rule violations for which enforcement action is appropriate. We've got critical information for those affected by these terminations.
Financial advisors who have been arrested, often have questions about what gets reported on their Form U4. And, they need to know, with certainty, what gets reported and what does not, so that they comply with their obligations under industry rules, AND work to protect their reputation as best they can.
"Why does FINRA want to take my testimony with an OTR? What does it mean?" These are common questions from advisors who have been asked to come in for an interview with FINRA. Attorney Joel Beck shares his insights into why you've been asked to give testimony to the regulators.