The Securities Litigation Expert Blog

Finra to Facilitate RIA Arbitrations

Posted by Jack Duval

Nov 1, 2012 4:16:37 AM

Bruce Kelly, of InvestmentNews, reports that Finra will soon open its dispute resolution arbitration platform to registered investment advisors.  (IN)  This is good news for RIA investors because those arbitrations have typically been heard in AAA or JAMS forums, which are much more expensive.  RIA firms may also welcome the lower costs.

Finra Dispute Resolution President Linda Feinberg announced that a few RIA cases were already in the system and a formal rollout will be coming soon.  Feinberg also said,

"The move is in no way related to Finra's effort to become the self-regulatory organization overseeing investment advisers."

Readers of this blog will note that we have covered the battle for investment advisor regulation being waged between Finra and the SEC here.  I will leave readers to their own opinions about how this move relates to that dispute.

Permalink: http://accelerant.biz/blog/?p=332

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Topics: FINRA, RIA, Bruce Kelly, Investment Advisors, Investment Advisor, litigation, arbitration, AAA, Linda Feinberg, SEC, JAMS, Compliance, regulation., InvestmentNews

SEC Announces Over 1,500 Private Fund Advisors Register as Investment Advisors

Posted by Jack Duval

Oct 20, 2012 3:47:35 AM

As a result of the Dodd-Frank legislation, hedge fund, private equity fund and other fund managers are having to register as Investment Advisors with the SEC.  This is a significant development as trillions of assets are now coming under the aegis (and scrutiny) of the SEC.  We will have more commentary on this later, but here are some initial links for your review:


 
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Topics: RIA, Dodd-Frank, Investment Advisors, Investment Advisor, SEC, Compliance, private equity fund, regulation., hedge fund

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