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April 11, 2019

Brokers Gain Secret Weapon to Poach Clients from Old Firms — From Finra Guidance
B-D firms must be timely and upfront in communicating with clients about brokers who have been fired or left.
Why Advisor Transition Loans are Impacting Recruitment in a Big Way
A number of large firms dramatically increased their FA loan books last year.
SCOTUS Warns: You're on the Hook for False Info to Clients — Even if You Only Sent the Email
Broker-dealers must at least ensure materials they share are accurate and contain no material misrepresentations, a law firm says.
Wells Fargo Advisors Loses Even More Reps to This Rival
Three advisors collectively overseeing over $240 million have jumped ship to Raymond James.
UBS Faces Survivor Benefits Suit from Deceased FA’s Wife
She claims her late husband wasn’t aware he needed to opt-in for the benefit he was eligible.
Judge Forces Ohio National into Arbitration Over Annuity Trail Commission Furor
A Massachusetts federal judge says arbitration is appropriate for a suit brought by Commonwealth and one of its advisors.
SEC Chair Wants Private Fund Investing to 401(k) and IRAs
Clayton says retirement savers should have same opportunities as traditional defined-benefit pension plans.