Integrated Solutions is pleased to announce that David Proskin has joined the firm as a Managing Director, effective October 1, 2024. With over four decades of experience in the financial services industry including Alternative Investments and Securities Broker Dealers, Dave brings a wealth of expertise to the team.

Dave’s extensive background includes leadership roles at several top-tier financial firms, where he developed strong relationships and expertise across multiple facets of the financial services industry. His deep understanding of the financial services industry and his innovative approach to problem-solving make him an invaluable addition to Integrated Solutions.

“We ar...

On November 4, 2022, the amended Rule 206(4)-1 (the “Marketing Rule”) under the Investment Advisers Act of 1940 (“Advisers Act”) goes into effect. The new Marketing Rule amends and merges two previous rules, the “advertising rule” (the former Rule 206(4)-1) and the “solicitation rule” (the former Rule 206(4)-3), into one overarching rule that regulates the marketing of investment advisers. In addition, Rule 204(2) “Books and Records” as well as Form ADV have been amended to address the changes. This memorandum will specifically address the impact of the New Marketing Rule on broker dealers marketing investments to potential investor...

FINRA recognizes the current economic turbulence the spread of COVID-19 has caused small firms, in particular. With that in mind, FINRA is providing temporary relief for small firms with respect to 2020 Gross Income Statements and Personal Assessments (Annual Assessments).

Generally, payment of Annual Assessments is due in full within 30 days of receipt or in four quarterly installments. In 2020, FINRA is permitting small firms—identified under the FINRA By-Laws as having no more than 150 registered persons—to treat 2020 Annual Assessments as billed as of August 1, 2020, rather than as due upon receipt in April. Further, small firms that choose to do so will be allowed to pay 50 p...