Expert Q&A
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Email to a FriendHow are financial advisors regulated?
By Thomas J. Hartfield - Hartfield Financial & Insurance Services, Inc.
Answered about 2 years ago
Financial Services and its associated Registered Representative associates are one of the
most heavily regulated industries in the United States. FINRA is the regulatory body that
monitors as well as dictates what language can and can not be used in Financial Advisors
sales and marketing literature.
By William A. Mack - Wealth Advisory & Management Corporation of America
Answered about 2 years ago
All financial advisors are regulated by the SEC, or FINRA, or their state securities department, – or all of the above.
By Tim Bodnar - Huron Investments
Answered almost 2 years ago
Advisors can also be regulated by the NFA and CFTC which require yearly audits be performed on them if they are Series 3 and 30 licensed
