Lawyer claims award was a 'poor decision' and should have been bigger.
Former Finra board member Stephen Kohn set up the group to help advisors who are looking for a new job, seeking to address a customer complaint on their record, or need help with a range of other issues.
The broker-dealer regulator's revenue fell as a result of a decline in the market transactions on which Finra charges fees.
Advisors react to financial challenge posed by Supreme Court's decision, combined with the lifting in October of a freeze on student loan payments
The report says more than half of investment advisors force their clients to go to arbitration to settle disputes, but it doesn't put a number on RIA arbitration cases or the costs for claimants.
If advisors receive $2,500 or less in commissions and donate the proceeds to charity, they can join the fee-only organization.
The riders attached to a House bill funding the agency will meet resistance in the Democratic-majority Senate.
Mergers and acquisitions aren't about aggregation, they're 'about integration,' says Brandon Kawal of Advisor Growth Strategies.
Employment at advisory firms also reached a record, while assets under management declined in 2022, according to an annual study by the Investment Adviser Association and National Regulatory Services.
A vendor improperly destroyed 47 million electronic communications, including emails and instant messages, from 8,700 inboxes.
