Regulatory Alerts2019-07-12 | 2019-12376Added · Updated
Form CRS Relationship Summary; Amendments to Form ADV
The Securities and Exchange Commission adopted final rules requiring registered investment advisers and broker-dealers to provide a standardized Customer Relationship Summary (Form CRS) to retail investors. This disclosure must succinctly outline the types of services offered, associated fees and conflicts of interest, the applicable standard of conduct, and any reportable legal or disciplinary history. The rule also mandates specific delivery timelines, updating procedures, and recordkeeping obligations to ensure investors receive clear and timely information about their financial professionals.
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