SL05 - RIA and Hybrid RIA/BD Regulation: Where Were We, and Where Are We Going?

Date/Time: 
10/22/2019 - 4:45pm to 10/22/2019 - 6:00pm
Room: 
Brazos EF

FINRA licensed brokers are increasingly migrating to an RIA-only or hybrid RIA/BD dual licensing model.  FINRA's long arm of regulation, enforcement, and dispute resolutions hits a wall at the RIA door.  In practical terms, the benefits of FINRA oversight and realtively affordable dispute resolution are lost or often challenged by hybrid advisors. This panel will look back on the history of our dual SEC and FIRNA licensing regimes, prior attempts to bring financial advisors under more unified licensing and regulation, and where we may be headed.