I get the fact that anyone silly enough to work for a broker-dealer knowingly chooses to live in a fishbowl. Thanks to BrokerCheck, you can very easily learn more about a registered representative than you can about, say, a doctor, a teacher, a lawyer, you name it, all through a couple of mouse clicks. But,
Advertising
AWC Serves As Reminder That Scope Of FINRA’s Advertising Rule Extends Beyond Securities
By Alan Wolper on
I have always found it enlightening – and a bit scary – to talk to my clients about FINRA Rule 2210, the advertising (or “communications with the public”) rule, to see what they know about it. It’s a long, dense rule, so I’m not talking about knowledge of its more esoteric components; I’m talking…
The SEC’s New Marketing Rule: Bringing Investment Adviser Advertising From The “Mad Men” Era To The Amazon Age
By Alan Wolper on
Posted in Advertising, SEC
Happy Holidays, everyone! Since you’re all just sitting home with plenty of time on your hands, it is the perfect opportunity to enjoy this post from my colleague Denise Fesdjian, about the SEC’s new marketing rule for RIAs. – Alan
“The SEC score(s) one for the digital age.” These are the words of SEC Commissioner…
Advertising Case Loss Reveals Limits To FINRA’s Jurisdiction Over Outside Business Activities
By Alan Wolper on
It is a simple fact that a broker-dealer has no obligation to supervise a disclosed outside business activity. How do I know? FINRA has said so. This, for instance, comes straight from Reg Notice 05-50: “Rule 3030 does not require that the firm supervise or even approve an outside business activity, although a…