Wednesday, February 15, 2017

financial regulators

SEC

  • Central Registration Depository https://www.sec.gov/answers/crd.htm  review information about firms and their representatives
 FINRA--Financial Industry Regulatory Authority
  • http://www.finra.org/industry
  • broker check  http://www.finra.org/BrokerCheck/
  • risk meter (tool)
Securities Investor Protection Corporation (SIPC)
  • http://www.sipc.org/
  • check brokerage firm
State regulator
  • check state licensed investment advisors
AARP (formerly the American Association of Retired Persons)
  • http://www.aarp.org/
CFP
  • CFP Board sets and enforces standards for Certified Financial Planner certification
  • http://www.cfp.net/
FDIC
  • each depositor is insured up to 250,000 per insured bank 
  • if u and ur partner have a joint account, then each of u would have 250,000, for a total of 500,000
FSLIC:  Federal Savings and Loan Insurance Corporation

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broker, advisor

RIA
  • Registered investment advisor (RIA) registered with the SEC or with their state's securities agencies
  • RIA's fiduciary standard is stricter and offers more protection to investors than does the suitability standard for RRs
  • have to either pass series 65 exam or have obtained one of these designations: CFP, ChFC, PFS, CFA, CIC
RRs
  • brokers or registered representatives (RRs) working for a broker-dealer register with FINRA
  • RRs have to pass series 7 exam
CWM, chartered wealth manager
is conferred by the Board of Standards of the American Academy of Financial Management (AAFM) and has been adopted in 145 countries

In Europe
  • European financial planning association, EFPA

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