SEC Fiduciary Duty

A peer shares the firm's rollover form created to comply with the Labor Department's new rollover exemption

Deccan lacked reasonably designed policies and procedures specifically addressing client and investor redemptions, creating or liquidating an LSPV, or balancing the associated conflicts of interest ...





'The SEC has not brought one enforcement action,' consumer advocate says. 'That’s not because all firms are complying...'

"Firms need to take investor protection and compliance obligations seriously, reining in or curing any conflicts and really delivering the best interest advice that investors ...

Although neither HighPoint nor its IARs received the 12b-1 fees paid to the Clearing Firm, HighPoint and its IARs had a conflict of interest when ...

RCW has taken the nearly 3,000 word staff release and converted the guidance into a list of do’s and don’ts

The staff strongly encourages firms to eliminate or mitigate any incentive that poses a risk of causing the firm or its financial professionals to place ...

"Many rely on broker-dealers and investment advisers to help them choose the investments, strategies, and accounts to meet their goals. It is important that investors ...