Tagged with "scd initiative"

SEC and FINRA Expands Initiative to Require Investment Advisers and Brokers to Fully Disclose Their Sales Strategies

Posted on April 24th, 2019 at 5:01 PM
SEC and FINRA Expands Initiative to Require Investment Advisers and Brokers to Fully Disclose Their Sales Strategies

According to the SEC’s disclosure initiatives and examinations, the agency is aiming to require investment advisers to obtain informed consent from their clients by having them acknowledge that they were not sold the least expensive product and that less costly options exist. The SEC’s initiative applies specifically to fee-only RIAs and dully registered investment advisers who sell products to earn commissions.

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