Financial Services Institute |

July Web Conferences

For Financial Advisors
Topic: "Marketing and Sales: Build Relationships in the First Meeting"
Wednesday, July 15, 2009
4:00pm ET / 1:00pm PT

Click here for details.

For Broker-Dealers
Topic: "A Look Inside the Obama Plan for Regulatory Restructuring"
Wednesday, July 22, 2009
4:00pm ET / 1:00pm PT

Click here for details.

For Financial Advisors
Topic: "A Look Inside the Obama Plan for Regulatory Restructuring"
Wednesday, July 29, 2009
4:00pm ET / 1:00pm PT

Click here for details.

President Obama Releases Blueprint for Financial Regulatory Reform

President Obama has unveiled the administration’s plan for a sweeping overhaul of the financial regulatory system, intended to strengthen a dilapidated system of government oversight and prevent a repeat of the worst financial crisis in decades. The proposal, much of which will be subject to approval by Congress, adds an additional layer of regulation for the biggest financial firms. Click here for more information.

FSI Responds to FINRA Proposal on Personal Securities Transactions

On April 21, FINRA published a proposal that would require financial advisors to obtain written consent to open an account at another firm and require their broker-dealer to receive both confirmations and statements from the executing broker-dealer. Click here to read more.

2009 FSI Advocacy Summit

Speaker Announcement

We’re pleased to announce another confirmed speaker for the 2009 Advocacy Summit – Patricia Struck, Administrator of the Wisconsin Division of Securities and Past President of NASAA. She joins Rick Ketchum, new CEO of FINRA, as a speaker during the morning sessions, prior to our visits to Capitol Hill. Click here for more information the 2009 FSI Advocacy Summit.

SEC approves FINRA proposal to amend Forms U4 and U5

On May 13, the SEC approved FINRA's amended proposal to make changes to Forms U4 and U5. FSI and more than 1,000 of its members submitted letters objecting to aspects of the proposal. FINRA responded by making many of the changes suggested by FSI. Click here for more information.

FINRA Proposal to Expand Advisors’ Suitability Obligations

FINRA has released a new rule proposal that consolidates the existing rules governing suitability and the know-your-customer obligations into a new FINRA Rule 2111 (Proposed Rule). Click here for more information.

FSI Fights to Preserve Independent Contractor Status

FSI is preparing to oppose federal legislation that would change the IRS rules on worker classification. While the proposal is intended to address worker classification problems in other industries, it would have serious unintended negative consequences. Click here to read more.

FSI Newsbrief

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