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What to Expect From a FINRA OTR Interview

Posted by Joel Beck | Sep 14, 2021 | 0 Comments

As a financial advisor, you've likely heard mention of an OTR or ‘on the record' interview with FINRA. Perhaps you've spoken with a coworker who has experienced an OTR, or you are facing one yourself. Whether you are currently under investigation or simply curious about the process, you will prot...

Points to Consider When Buying a Franchise

Posted by Joel Beck | Aug 31, 2021 | 0 Comments If you're looking to own your own business but would like the security of a built-in support network, franchising may be an option for you. As a franchisee, you have the autonomy of being a business owner while also benefitting from the resources and...

Do I Need a Lawyer for a CFP® Board Investigation?

Posted by Joel Beck | Aug 03, 2021 | 0 Comments

A common type of case we handle at The Beck Law Firm is a financial advisor facing an investigation from the CFP® Board. The Certified Financial Planner Board of Standards sets and enforces the ethics and standards for financial planners certified by the organization. When these financial advisor...

Can I Remove a Bankruptcy or Compromise from My Form U4?

Posted by Joel Beck | Jul 20, 2021 | 0 Comments

As we've discussed previously, we often hear from financial advisors looking to clean up their Form U4. Often these advisors are facing a criminal disclosure or have a U4 that reports an old criminal case from many years ago, perhaps from when they were very young.  But increasingly, we receive...

Do I Need a Trade Name?

Posted by Joel Beck | Jul 07, 2021 | 0 Comments

If you are a business owner in Georgia, you may have heard about trade names and wondered if you need one, and why you would need one. According to Georgia law, every person, firm, or partnership that conducts business under a trade name, partnership name, or other name which does not disclose t...

What You Need to Know About FINRA Rule 3270

Posted by Joel Beck | Jun 15, 2021 | 0 Comments

In a recent blog, we discussed 3 Things to Consider When Going into Business with a Partner. This week, we want to remind FINRA-registered financial advisors who are considering starting a side business or becoming involved in a corporation or LLC that they must take steps to remain in complian...

3 Things to Plan for When Going into Business with a Partner

Posted by Joel Beck | May 17, 2021 | 0 Comments

Are you considering going into business with a partner? Maybe you're coworkers striking out on your own, or best friends finally taking the leap and starting the business you've always talked about. Starting a business is exciting, even more so when you're working with a friend, but don't let the...

5 Things to Know about the Rule 8210 Letter from FINRA

Posted by Joel Beck | Apr 20, 2021 | 0 Comments

If you've received a letter from FINRA requesting information, don't take it likely. In this blog, we'll discuss five common questions about the Rule 8210 letter, and what it means for you. What is Rule 8210? In a nutshell, Rule 8210 requires ...

Are you a financial advisor with a criminal disclosure?

Posted by Joel Beck | Apr 05, 2021 | 1 Comment

At The Beck Law Firm, LLC, we often receive calls from financial advisors navigating the ramifications of an arrest or criminal case on their Form U4. Whether the charge is old, new, or already disclosed, they want to know what they can do to minimize the impact of the disclosure on their caree...

What Should I do about my U5 when I leave a firm?

Posted by Joel Beck | Oct 09, 2018 | 0 Comments

Today, we're going to address the question of “What should I do about my U5 when I leave a firm?” This is a great question that every financial advisor needs to consider when leaving a firm. In an earlier video, I explained what a U5 is and what it does. In today's video, we're going to spe...

What is the Form U5?

Posted by Joel Beck | Oct 08, 2018 | 0 Comments

Today, we're going to answer the question “What is the Form U5?” Technically, the form is called the Uniform Termination Notice for Securities Industry Registration, and it is used whenever a person registered with a broker-dealer or a registered investment adviser terminates his or her resignati...

I’ve been arrested. Do I need to report that on my U4?

Posted by Joel Beck | Sep 23, 2018 | 0 Comments

One of the questions we sometimes get from financial advisors goes like this, “I've been arrested. Do I have to disclose that on my Form U4?” The range of underlying events I anything from a traffic violation to a very serious offense. Generally speaking the answer is, “No,” because in most...

Why does FINRA want to take my testimony through an OTR?

Posted by Joel Beck | Sep 18, 2018 | 0 Comments

One of the questions we get from time to time is from a financial adviser who has called us and said, “FINRA wants to take my testimony, they've told me they want me to come in for an OTR. Why? Why do they want to take an OTR of me?” That's a good question. Essentially what it means when FI...

Case Study: Cleaning Up a Form U4 – August 2018

Posted by Joel Beck | Aug 09, 2018 | 0 Comments

If you're a financial adviser with negative disclosures on your Form U4 and in your CRD record, it really does make sense to see what you can do to clean that up. Those negative disclosures not only sit there and may cause problems when your prospects or clients review it, but it can also hinder ...

How does a FINRA OTR Work?

Posted by Joel Beck | Sep 25, 2017 | 0 Comments

We get calls pretty regularly from financial advisors who've been asked to come in for an OTR, or an on-the-record interview with FINRA. And in an earlier video, we explained what an OTR is. In today's short video, we'll talk about how a FINRA OTR works. If you're going in for an OTR or an ...

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