Expert Q&A

How are financial advisors regulated?


Related Topics: Investments, Retirement Planning, Financial Planning
Related Tags: Compliance
Thomas J. Hartfield
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By Thomas J. Hartfield - Hartfield Financial & Insurance Services, Inc.
Answered over 3 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.

William A. Mack
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By William A. Mack - Wealth Advisory & Management Corporation of America
Answered over 3 years ago

All financial advisors are regulated by the SEC, or FINRA, or their state securities department, – or all of the above.

Tim Bodnar
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By Tim Bodnar - Huron Investments
Answered about 3 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

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