RIA -dropping & question
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Jan 30, 2009 4:47 pm
I formed my RIA last summer. I dropped my 7 after 12 years at a wirehouse. I keep reading how great it is to not deal with FINRA and that my life will be so much easier after the 2 year drop off. (Yes it is nice to not have a no-biz, I mean compliance dept)However, I can't find any information on why my life will be much better in 2 years as opposed to now. Does something major change after the two year mark?
What are you asking? Where do get this 2 year number that you seem to be asking something - not sure what - about?
After dropping you 7, you are still registered with FINRA and have some obligations to them for two years. I am trying to firgure out what those obligations are. Seems to be an industry secret!