FINRA’s New Website Requirement: Regulatory Notice 15-50

Regulatory Notice 15-50 addresses an amendment to FINRA Rule 2210 which requires “a readily apparent reference and hyperlink” to BrokerCheck on each member website to be in place by June 6, 2016. Where Does the Link/Button Need to Appear? The BrokerCheck...

SEC Clarifies “Testimonial Rule” for Advisors

Last month (March, 2014) the SEC released a “Guidance Update” in an effort to clarify the Testimonial Rule [rule 206(4)-1(a)(1)] and how it applies to social media use by, and third-party reviews about, registered investment advisors. The Testimonial Rule states:...