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Once It’s Out There, You Can’t Take it Back … Or Can You? There are several things I have learned over the years about the internet. Not everything you read on the internet is true and not everything you SAY on the internet can be deleted. For instance, Reggie Bush of the Saints tweeted the...

Share FINRA Is Getting More Analytical Well, it’s September 12th and the tax filing deadline is fast approaching. Several years ago the final date to file a partnership return was October 15th but that date was pushed forward to September 15th. While most of my clients have filed their returns already, I have several that...

SRO DEAD… For now? A few weeks back I blogged about an article my partner Matt Pribila wrote concerning the push for more regulations over Registered Investment Advisors (RIAs). The issue, at the time, seemed to be whether the SEC (Securities and Exchange Commission), FINRA (Financial Investment Regulator Association) or an SRO (self regulating organization)...

So You Want to Be a Trader? About 15 years ago or so, a friend of mine told me about a stock. He said it can’t miss. So I looked up the company and saw it was manufacturing parts for the Palm Pilot. I decided to invest and within 24 hours I had sold the...

Advice to all Broker-Dealers Out There… Last week’s blog mentioned issues discussed at the New York State Society Broker-Dealer Conference. In particular, one of the presenters mentioned that BDs should keep it simple. The BD should not guarantee anything nor should its assets secure anything. Why is this important to the BD? Well, in calculating...