Regulation and Compliance issues for Wealth Professionals can be challenging to navigate especially when the SEC is involved. Catch the latest news and analysis on compliance updates that impact financial advisors.
For more than 25 years as an RIA, I’ve witnessed first-hand how being required to meet the “best interest standard” benefits clients. Broker/dealer clients deserve the same safeguards.
The SEC’s proposed document required for its Regulation Best Interest is written at a “14th grade level,” according to a new analysis, and uses jargon unfamiliar to most.
Research found that the regulation’s Customer Relationship Summary actually increased investor confusion over the differences between brokers and investment advisors.
