Keeping Up-to-date With Financial Advisor Regulations & Law Changes


As a financial advisor, staying up-to-date on the latest regulations and law changes that impact your business is essential. To help you understand these regulations and laws, as well as strategies for staying up-to-date on regulations and law changes, this article provides an overview of some of the most important ones to know about.


Necessary Regulations and Laws to Know About

Over the years, financial advisor regulations and laws have been put in place to protect consumers and financial markets. Some of the most important ones to be aware of include the following:

  • The Investment Advisers Act of 1940: This act requires financial advisors who give investment advice to clients for a fee to register with the SEC.
  • The Securities Exchange Act of 1934: This law regulates secondary markets, such as stock exchanges, and prohibits certain types of insider trading.
  • The Gramm-Leach-Bliley Act of 1999: This financial services reform legislation repealed the Glass-Steagall Act, which had separated commercial and investment banking.
  • The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010: This act introduced financial reforms in response to the financial crisis of 2007-2008. Among other things, it established the Consumer Financial Protection Bureau (CFPB).


Regulatory Bodies To Be Familiar With

In addition to financial advisor regulations and laws, there are also several regulatory bodies that financial advisors need to be familiar with. These include the SEC, FINRA, and the CFPB.

  1. The SEC: The Securities and Exchange Commission is a federal agency responsible for enforcing financial laws and regulations and regulating the securities industry.
  2. FINRA: The Financial Industry Regulatory Authority is a non-governmental organization that regulates the financial industry.
  3. The CFPB: The Consumer Financial Protection Bureau is a federal agency responsible for protecting consumers from financial fraud and abuse.


Stay Updated on Financial Laws and Regulations

There are several ways to stay updated on financial laws and regulations.

  • Check Regulatory Websites: The SEC, FINRA, and CFPB all have websites that financial advisors can check regularly for updates on financial regulations and laws.
  • Sign up for Email Updates: Many regulatory bodies offer email updates that financial advisors can sign up for to receive the latest information on financial regulation and law changes.
  • Attend Industry Events: Another way to stay up-to-date on financial regulation and law changes is to attend industry events, such as conferences and webinars. These events provide a great opportunity to network with other financial professionals and learn about the latest developments in the industry.
  • Keep Up With The News: Financial advisors should keep up with the news to stay informed about financial regulations and law changes. This can be done by reading financial news websites like The Wall Street Journal or following financial regulators on social media.



Understanding the laws and regulations that impact financial advisors is important for any financial professional. But it can be a lot to keep up with. By following the tips outlined above, financial advisors can ensure they stay up-to-date on the latest financial regulation and law changes.