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.
Research found that the regulation’s Customer Relationship Summary actually increased investor confusion over the differences between brokers and investment advisors.
The SEC claims the independent broker/dealer failed to supervise reps who sold retail investors a leveraged oil ETN that was designed for traders; FINRA fined the firm for inadequate supervision of annuity sales.