SEC Fiduciary Duty

"Investment advisers and broker-dealers that recommend these products must ensure that they are in the client’s or customer’s best interest"

"This conduct was inconsistent with the prospectuses for the LETFs, which stated that the products carried unique risks, were designed to be held for no ...

A greater understanding of what it takes to comply with the SEC’s best interest standard comes out of new staff guidance designed to help advisers ...

These are the second set of FAQs the SEC staff has released related to IA's fiduciary duty and B-D's Reg BI obligations

OCC warned Commission about 'in-artful' language in notice

Fintech grinds against fiduciary standards

"When any of the account information was updated in the CMS System, however, the previous recorded account information for that category was permanently overwritten and ...

"A skeptic might believe that some ESG products are merely offered in order to extract higher management fees"

"To that end, AMAC recommended that the Commission: require investment advisers and funds to provide enhanced gender and racial diversity disclosures"

An adviser must have a reasonable belief that the advice it provides is in the best interest of the client based on the client’s objectives ...