The Passive Bubble?

By Anthony DiLorenzo, MS, Staff II Accountant – WithumSmith+Brown, PC Passive investing led by ETFs (exchange traded funds) have become the go-to investment vehicle for many average investors over the last 10 years.  Investopedia defines an ETF as: A marketable security that tracks an index, a commodity, bonds, or a […]

FINRA Disciplinary Review

By Joseph Fede, CPA, GMA, Supervisor – WithumSmith+Brown, PC Over the past several years, the Financial Industry Regulatory Authority (“FINRA”), the self-regulatory organization responsible for regulating every brokerage firm doing business in the US, brought between 1,300 and 1,600 disciplinary actions each year.  In 2015, it ordered $95 million in […]


By Joseph Cassano, CPA – Senior Manager – WithumSmith+Brown, PC Cybersecurity has become the latest buzz word and focus of the United States Securities and Exchange Commissions (“SEC”).  The SEC realizes that registered investment advisers (“RIA’s”) are using technology more and more in everyday business, and the need to protect […]

Types of Broker-Dealers

By Malia Mon, CPA – Staff Accountant – WithumSmith+Brown, PC A broker-dealer is a company that engages in the business of trading securities for its own account or on behalf of its customers. Seems simple doesn’t it? A broker-dealer appears to be a straightforward concept; however, there are many different […]