Securities Industry Commentator by Bill Singer Esq

January 3, 2018

Online Tool Helps Investors with Selecting a Financial Advisor (AARP and NASAA Press Release) AARP and the North American Securities Administrators Association ("NASAA) posted a free online tool to assist investors looking to retain a professional financial advisor.  The online tool consists of suggested questions to ask a financial professional (with the ability to enter answers) regarding the advisor's qualifications, methods of compensation, and whether the advisor is required to act as a fiduciary. 

Class A Mutual Fund Front-End And FINRA Back-End

Today's featured FINRA regulatory settlement involves the dubious practice of short-term trading in Class A mutual fund shares. With a new year upon us, the Financial Industry Regulatory Authority reminds the investing public to do its homework concerning Class A, B, and C mutual fund shares. It's a lesson well worth learning. As with much of FINRA's regulatory agenda, it's heart seems in the right place but the regulator can't quite get out of its own way and sort of stumbles. All of which reminds us of a golfer who looks great addressing the ball but doesn't quite follow through and shanks what should have been an otherwise good swing. READ