Alan J. Foxman
Financial Planning
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Past articles by Alan:
Are FINRA expungement hearing costs about to skyrocket?
Yes, they’ll be going up in September — but not as much as you may have heard. → Read More
How do I value nontraded or illiquid investments amid market volatility?
Despite recent upheaval, some clients will still be shocked their portfolios have shown declines. → Read More
Is a paycheck protection loan reportable on my U4?
My broker-dealer warned that since it’s a forgivable loan it could be seen as a compromise with creditors. → Read More
Can I cut my client a check to make up for a bad recommendation?
That would be a big “no,” in most cases, according to FINRA, but gives rise to another question… → Read More
Can my firm opt out of FINRA’s 529 Plan Share Class Initiative?
Make sure not to confuse it with the SEC’s self-reporting program. → Read More
Can I scrub an old complaint off my CRD report?
Due to a 2010 FINRA rule change the answer is — with difficulty. → Read More
Advisor nightmare: My laptop was stolen
At this stage it's not an actual data breach, but it could become one. → Read More
When should advisors halt disbursments?
There are red flags that may be pointing to elder fraud in a client account. → Read More
Can borrowing money from a sibling get you fired?
An advisor was terminated after accepting a loan from a brother, who was also a client. Is this allowed? → Read More
Could BDs be disqualified even after self-reporting?
Having ‘fessed up to improper 12b-1 fee disclosures, dually registered advisors might still be excluded by FINRA. → Read More
You've been named in an arb case. Should you hire your own attorney?
It may seem like your interests are aligned but there could be conflicts of interest. → Read More
Failing to report bankruptcy freezes advisor out of industry
Not knowing a FINRA rule can’t save an advisor from statutory disqualification. → Read More
How can advisors avoid getting sued in a down market?
Even the best clients in the most appropriate investments can panic when they’re watching their hard-earned savings shrink on a daily basis. → Read More
Let’s cut to the chase: When can advisors sue their broker-dealers?
There are no “alternative facts” in the law, just truth, opinion and lies. Two you can’t sue for. And the third? Well, brokerages are very careful with their words. → Read More
Concerned relative wants to discuss elderly client
A niece thought her aunt’s caretaker was stealing. How much can an advisor do? → Read More
Double trouble: This firm has 2 regulators on its case
When two agencies are probing your firm, it doesn’t hurt to ask that they coordinate their efforts. → Read More
Can’t afford to repay a promissory note? Here’s what could happen
Can FINRA suspend the advisor’s license? → Read More
After a felony DUI, an advisor seeks to rejoin financial industry
Under SEC rules, an advisor was statutorily disqualified after driving under the influence. Can he ever register with a brokerage again? → Read More
Amend an important FINRA form, 10 years after filing?
How to report a transaction that should have been disclosed to regulators long ago, but wasn’t. → Read More
This common compliance violation can make advisors unemployable
Violating this FINRA rule has extremely serious consequences including termination and disciplinary action. → Read More