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SEC Fiduciary Duty
A private fund isn’t a personal fund, and the SEC has just driven the point home by barring a Maryland investment adviser for helping himself ...
Such a hedge clause generally is likely to mislead those retail clients into not exercising their legal rights
An adviser should consider whether investments are recommended only to those clients who can and are willing to tolerate the risks
Looking to identify IAs who outsource voting decisions
These SEC FAQs can help you prepare for Reg BI
Reg BI arrives June 30: “The court knows what the timeline is. It’s up to the court”
Driscoll: The risk alert will be designed to “help firms prepare for potential exams”
Regulators were emphatic: there will be no delay in Reg BI
SEC “staff reminds broker-dealers that the term ‘investment strategy’ ... is to be interpreted broadly”
Regulation Best Interest expressly applies to account recommendations including recommendations of securities account types