FINRA’s Top Enforcement Issues in 2020
FINRA’s Top Enforcement Issues in 2020

According to a new study by Eversheds Sutherland, FINRA disciplinary actions show a surge in enforcement activity in 2020. What caught my eye was a dramatic increase in fines related to variable annuity cases—a 1062% increase! To put that in context, overall fines...

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Third-Party Broker-Dealers Explained
Third-Party Broker-Dealers Explained

The Third-Party Broker-Dealer Model A growing number of banks and credit unions are partnering with third-party broker-dealers (also known as third-party marketers) such as LPL Financial Institution Services and Raymond James Financial Institutions Division. Industry...

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Is Your Firm Prepared for Reg BI?
Is Your Firm Prepared for Reg BI?

Best Interest Standard of Conduct The Regulation Best Interest (Reg BI) compliance deadline is just around the corner – June 30, 2020, to be exact. One of the many challenges is obtaining a solid grasp of Reg BI and it’s numerous implications (it certainly doesn’t...

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10 Best Podcasts for Financial Professionals
10 Best Podcasts for Financial Professionals

To say that podcasts have become incredibly popular within the past few years is an understatement. According to Edison Research, 62 million Americans listen to podcasts every week. Their popularity is largely due to the depth and breadth of content, from aviation to...

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Tips for Effective Investment Program Management
Tips for Effective Investment Program Management

Bank Investment Programs Investment programs continue to provide tremendous value to the financial institution (bank or credit union). Studies have shown that households that own investments through their primary bank or credit union are among the most profitable for...

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5 Ways To Attract and Retain Millennial Advisors
5 Ways To Attract and Retain Millennial Advisors

Millennial Advisors More than one-in-three American labor force participants (35%) are millennials, making them the largest generation in the U.S. labor force, according to a Pew Research Center analysis of U.S. Census Bureau data. Research shows that only about 25%...

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Financial Asset Management Compliance
Financial Asset Management Compliance

Asset Management Compliance One of our clients came to us with a problem; how to comply with FINRA's customer asset transmit rules for managed money and mutual funds. Our solution: an asset management workflow for tracking, monitoring, and reporting on the location...

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