Regulatory Alerts2018-05-09 | 2018-08583Added · Updated
Form CRS Relationship Summary; Amendments to Form ADV; Required Disclosures in Retail Communications and Restrictions on the Use of Certain Names or Titles
The Securities and Exchange Commission proposes new rules requiring registered investment advisers and broker-dealers to provide a concise relationship summary to retail investors detailing services, fees, conflicts of interest, and disciplinary history. The proposal also restricts broker-dealers from using the terms 'adviser' or 'advisor' in retail communications and mandates disclosures of regulatory status and professional affiliations to reduce investor confusion. These measures aim to clarify the distinct standards of conduct and obligations applicable to different financial service providers.
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