In a recent new release, the Tennessee Securities Division urged investors to ask tough questions of their investment advisors, and about their compensation, account arrangements and educational / regulatory history.
The May 26 release is here.
SEC-registered investment advisors are required to provide the answers to those (and other) questions on their ADV Part 2, which is kept on file with the SEC and publicly-available through the Commission's IA Public Disclosure Portal, here. Information on registered broker-dealers and their associated persons is available through FINRA's BrokerCheck ® web service, here. FINRA and its out-going CEO Richard Ketchum have said that the organization is considering expanding the information available through BrokerCheck ® and also making the data available for mining by academic institutions. We discussed those issues: - "expanding," here. - "mining," here. The US Department of Labor's recent Fiduciary-duty rules will require extensive disclosures about compensation practices, relationships and potential conflicts-of-interest among those advising retail retirement investors. We summarized those rules here. Thomas K. Potter, III (tpotter@burr.com) is a partner in the Securities Litigation Practice Group at Burr & Forman, LLP. Tom is licensed in Tennessee, Texas and Louisiana. He has over 30 years' experience representing financial institutions in litigation, regulatory and compliance matters. See attorney profile. © 2016 by Thomas K. Potter, III (all rights reserved).
PartnerTom Potter is a Partner in the firm's Nashville office, and his practice focuses on securities, corporate disputes, and appellate litigation. Tom has over 35 years of experience representing business interests.
Tom represents ...
