Stacy Santmyer heads up business development for AdvisorLaw, LLC, a firm based out of Westminster, CO that is dedicated to protecting the professional integrity and reputation of all financial advisors. As a former Registered Representative and Enrolled Agent, Stacy consults and provides strategies for mitigating and expunging CRD disclosures that have no merit against Series-licensed financial advisors.
FINRA-licensed brokers and Registered Investment Advisors (RIA) may face numerous frivolous allegations over their career. Typically, spurred by attorneys aimed at negotiating quick “nuisance settlements” from firms, many advisors are incorrectly named or have been the subject of false or erroneous Form U4 allegations. Additionally, many firms in the industry will terminate an advisor with false allegations in the hopes that they can retainer the majority of the advisor’s client assets.
AdvisorLaw specializes in FINRA arbitration to expunge meritless disclosures that currently appear on an advisor’s BrokerCheck profile and CRD. The expungement of these claims can help to put the advisor back onto a level playing field with competitors in the industry.
Staying at the forefront of the regulatory environment, Stacy works closely with AdvisorLaw’s senior FINRA attorneys in providing advisors the knowledge to navigate ever-tightening compliance rules. In this capacity, Stacy trains and manages the business development side of the firm in techniques to identify those financial advisors who would benefit most from the regulatory arbitration process. As brokers and RIAs face ever-changing industry standards, Stacy and his team work to clean up and preserve their client’s reputation in the financial services industry.
Prior to AdvisorLaw, Stacy spent eight years advising small businesses on correcting, resolving, and expunging federal tax issues. Originally from West Virginia, Stacy has lived in Lafayette, Colorado for the last 40 years. With his wife, Alison, and two sons, Evan and Jesse, Stacy and his family enjoy biking throughout Colorado in the summer and taking advantage of the skiing and snowboarding in the winter.
EA, Executive Vice President