Dually Registered Advisers/Broker-Dealers Face Dual Examinations

The ability to charge both advisory fees and brokerage commissions may seem like a powerful incentive to become a dually registered adviser/broker-dealer, but there are challenges as well. Among them are that dual registrants have to comply with two standards, two sets of regulations, and - perhaps the most problematic - face two sets of examiners, one from the SEC, the other from FINRA.
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