SEC Fiduciary Duty

A former college basketball player tried to be an all-star for his pro clients and wound up fouling out, the SEC says in a new ...

A CCO peer shares the adviser's rollover form, which comes in a fill-in-the-blanks format

This form can help you to document rollovers

"Fiduciaries should be mindful of these competing concerns so as not to risk undermining the foundation of how shareholders engage with corporate management .... I ...

“In trying to reform the rules, the SEC actually made it worse” by adding to investor confusion

OCIE vows to "review for the inappropriate use of complex investment products and evaluate the robustness and effectiveness of related supervisory policies and procedures.  OCIE ...

Because these APFS registered representatives failed reasonably to investigate VXX, they did not understand how VXX works, the risks inherent in investing in VXX, or ...

Benjamin Edwards failed to implement advisory policies and procedures reasonably designed to prevent unsuitable recommendations that their retail advisory clients buy and hold the Complex ...

Without the benefit of the training required by the firm’s policies and procedures, certain of these Summit Financial IARs had a flawed understanding of VXX’s ...

Royal Alliance also failed to implement and reasonably design existing written policies and procedures that would safeguard against unsuitable investments in such products. For example, ...