Don't Be a Victim: Mitigate the Risk of Fraud in Your Practice

Posted by John Clark

March 24, 2015 at 10:00 AM

As an independent financial advisor, you must run a business, oversee your clients' finances, and adhere to both regulatory and firm requirements, to name just a few responsibilities. With everything else you have to do, finding strategies to mitigate the risk of fraud in your practice may not be top of mind. But given the variety of fraudulent schemes out there, it's a critical aspect of managing your practice.

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Topics: Compliance

Considering Suitability: 3 Red Flags in Variable Annuity Transactions

Posted by Mike Carretta

March 18, 2015 at 1:30 PM

It would be an understatement to say that the variable annuity landscape has changed significantly in the past five years. We've seen cutbacks in living benefit payouts, carriers offering buybacks of existing policies, and some carriers leaving the market altogether. So, it's no surprise that we've also seen an increase in regulatory scrutiny of variable annuity sales, especially replacements.

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Topics: Compliance

10 Regulatory Exam Priorities for 2015

Posted by Rob Molinari, CRCP, AIF, RFC

March 17, 2015 at 10:00 AM

It's an annual ritual. Early in the year, FINRA and the SEC each puts out a list of regulatory exam priorities for the coming 12 months. I've compiled 10 priorities for 2015—gleaned from both organizations' lists and in no particular order—that I believe are important in addressing compliance for financial advisors.

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Topics: Compliance

Key IRA Rollover Considerations

Posted by Rob Molinari, CRCP, AIF, RFC

December 2, 2014 at 10:00 AM

Depending on your financial advisor registration, when you make a recommendation to roll over a client's employer-sponsored retirement plan assets into an IRA, your recommendation is subject to FINRA rules—specifically, Rule 2111 (suitability) and Rule 2210 (communications with the public). To best advise your clients—and ensure compliance with this hot-button issue—be sure to review these important IRA rollover considerations.

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Topics: Retirement Consulting, Compliance

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