News & Perspective

Here you can find news, regulatory updates, and practical guidance for investment bankers, placement agents, M&A advisors, and business owners. From licensing how-tos, to broker-dealer compliance, to advice on selling your business — we cover what we think matters most today.

You can also visit one of the category pages below for articles more specific to who you are:

Considering FINRA registration? Guides and resources to help you get licensed and get started →
For existing registered reps: Compliance updates, regulatory news, and business tips →

Why Placement Agents Need Broker-Dealer Registration (And What Happens If They Don't)

Most placement agents don't realize they need broker-dealer registration. Learn why the SEC requires it, how enforcement actually plays out, and how to get properly registered.

Apr 27

5 Deals You're Losing Because You're Not FINRA Registered

If you're an M&A advisor without FINRA registration, you may be losing deals before you're ever in the room. Here are five deal types where unlicensed advisors consistently get cut out — and what to do about it.

Apr 21

What Should an Independent Broker-Dealer Actually Cost?

Most M&A advisors don't realize how much they're giving away in commission splits. Britehorn caps your commissions at $50K–$75K. See the 10-year math on how that changes your economics.

Apr 14

The Risks You May Be Taking With Just a Series 79

Your Series 79 license has "Limited" right in the name. Most advisors never ask what that limit is. See what FINRA says you cannot do — and why it matters.

Apr 6

From State Real Estate Licenses to FINRA Registration: The M&A Advisor's Path

Real estate brokers moving into M&A need FINRA registration, not more state licenses. Learn the Series 79/82 path, sponsorship requirements, and why FINRA-registered advisors close bigger deals.

Mar 31

The “State-Line Trap” for M&A Advisors: Why the Federal Exemption Isn’t Enough

Avoid fee clawbacks with proper broker-dealer registration. Learn why M&A advisors operating across state lines need Series 79 or 82 sponsorship.

Jan 19

FINRA Series 7 vs. Series 82 vs. Series 79: Which License Is Right for You?

Learn which exam is right for M&A advisors, when broker-dealer sponsorship is required, and how Britehorn supports flexibility.

Jan 5

Why an M&A Broker Should Consider FINRA Registration Instead of Relying on the Federal Broker Exemption

Many M&A brokers often look to the federal broker exemption as a way to avoid the formalities and costs associated with FINRA registration. However, this may not be the smartest path forward — here's why.

Feb 20, 2025