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What Are the Changes to FINRA Rule 8312? The Financial Industry Regulatory Authority (FINRA) has recently introduced amendments to Rule 8312, impacting how information is presented on BrokerCheck. Effective June 1, 2023, these changes will provide investors with clearer insights into whether a broker or member firm is currently designated as a “Restricted Firm” under […]
Steering through the complexities of financial regulations can be a formidable challenge, particularly when dealing with rules like FINRA Rule 3280. This rule governs private securities transactions by associated persons of a FINRA member firm, making it crucial for financial professionals to fully understand and comply with its requirements. Non-compliance with FINRA Rule 3280 can […]
When a financial professional parts ways with a broker-dealer, the details of their departure are meticulously recorded on Form U4 and subsequently reflected on FINRA’s BrokerCheck. The language used in this documentation isn’t just procedural—it can significantly influence future employment opportunities within the industry. For registered representatives, understanding the impact of these records and ensuring […]
Understanding Margin Accounts If you’ve ever delved into the world of trading or investing, you might have heard the term “margin call.” The term may seem scary, but knowing its meaning is important for handling investments and avoiding problems. Let’s break down what a margin call is, how it works, and why it’s important. To […]
When you invest money, you trust financial professionals to handle your affairs responsibly. This trust is based on something called a “fiduciary duty.” This means that these advisors must always put your best interests first. The term “fiduciary duty” is often discussed by lawyers who focus on financial matters. It involves both ethical and legal […]