Tagged with "customer relationship summary"

SEC Clarifies RIAs Can Use “Fiduciary” in Customer Relationship Summary

Posted on June 24th, 2019 at 4:32 PM
SEC Clarifies RIAs Can Use “Fiduciary” in Customer Relationship Summary

A change in the introductory language of the Customer Relationship Summary (“Form CRS”) sparked debate this week. The original wording eliminated the word “fiduciary” when describing the Registered Investment Advisor (“RIA”) standard of care owed to the client.   RIAs voiced their concerns on Twitter and elsewhere.

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