A Trilogy in Five Parts

From “Don’t panic” to “So once you do know what the question actually is, you’ll know what the answer means” to “I don’t know what I’m looking for . . .” to “Life’s bad enough as it is without wanting to invent any more of it” to (finally) “So long and thanks for all the fish“, all of the Tips from the Hitchhiker’s Guide to the Galaxy for Responding to a Regulatory Exam are available in one document.

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Because broker-dealers, registered investment advisers and their associates want to spend their time serving their clients, not the SEC, FINRA or state regulator.

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Tips from The Hitchhiker’s Guide to the Galaxy for Responding to a Regulatory Exam – Part 5

Your day was going great.  You helped a client with a particularly complex situation.   Another client submitted the paperwork to transfer accounts to your firm.  You did not have to deal with a bulldozer trying to demolish your home.  Then you received a message from a “@sec.gov” or “@finra.org” email address, which...

Tips from The Hitchhiker’s Guide to the Galaxy for Responding to a Regulatory Exam – Part 5 Continue reading…

It Is Still Art

In April 2024, the Securities and Exchange Commission’s Division of Examinations (“EXAMS”) posted another Risk Alert concerning the Marketing Rule (Advisers Act Rule 206(4)-1). This was EXAMS’ third Risk Alert about the rule, following those it published in June 2023...

It Is Still Art Continue reading…

Tips from The Hitchhiker’s Guide to the Galaxy for Responding to a Regulatory Exam – Part 4

Your day was going great.  You helped a client with a particularly complex situation.   Another client submitted the paperwork to transfer accounts to your firm.  You did not have to deal with a bulldozer trying to demolish your home.  Then you received a message from a “@sec.gov” or “@finra.org” email address, which...

Tips from The Hitchhiker’s Guide to the Galaxy for Responding to a Regulatory Exam – Part 4 Continue reading…

Tips from The Hitchhiker’s Guide to the Galaxy for Responding to a Regulatory Exam – Part 3

Your day was going great.  You helped a client with a particularly complex situation.   Another client submitted the paperwork to transfer accounts to your firm.  You did not have to deal with a bulldozer trying to demolish your home.  Then you received a message from a “@sec.gov” or “@finra.org” email address, which...

Tips from The Hitchhiker’s Guide to the Galaxy for Responding to a Regulatory Exam – Part 3 Continue reading…

Tips from The Hitchhiker’s Guide to the Galaxy for Responding to a Regulatory Exam – Part 2

Your day was going great.  You helped a client with a particularly complex situation.   Another client submitted the paperwork to transfer accounts to your firm.  You did not have to deal with a bulldozer trying to demolish your home.  Then you received a message from a “@sec.gov” or “@finra.org” email address, which...

Tips from The Hitchhiker’s Guide to the Galaxy for Responding to a Regulatory Exam – Part 2 Continue reading…

Tips from The Hitchhiker’s Guide to the Galaxy for Responding to a Regulatory Exam – Part 1

Your day was going great.  You helped a client with a particularly complex situation.  Another client submitted the paperwork to transfer accounts to your firm.  You did not have to deal with a bulldozer trying to demolish your home. 

Then you received a message from a “@sec.gov” or “@finra.org” email...

Tips from The Hitchhiker’s Guide to the Galaxy for Responding to a Regulatory Exam – Part 1 Continue reading…

Home Sweet Home

This June, the Financial Industry Regulatory Authority (FINRA) will permit a broker-dealer to designate a home office as a “Residential Supervisory Locations” (RSL) within its supervisory structures.  (While this is certainly welcome news, as Vince Neil will tell you, just when things went right, it doesn't mean they were always wrong.)  The...

Home Sweet Home Continue reading…