Best Execution

Voya failed to disclose, in its Forms ADV the conflict of interest arising from its policy requiring that advisory clients pay upfront commissions for purchases ...

A broker-dealer must not allow payment for order flow to interfere with its efforts to obtain best execution

CSM to pay $260K for breaching fiduciary duty, not adequately disclosing conflicts, and failing to seek best execution

To meet this fiduciary obligation, HWIS was required to provide its advisory clients with full and fair disclosure that is sufficiently specific so that they ...

Three VALIC employees worked to steer union members to the advisory firm while being “deceptively identified” as union employees

In March of 2017, VFA disclosed for the first time the receipt of Revenue Sharing, but still did not fully and fairly disclose that conflict ...

Large penalty even though dual registrant began reimbursing 12b-1 fees in 2016

The SEC was clear in detailing what was lacking from a disclosure standpoint

Check out this sample of a best execution policy

B-D agrees to pay $1.25 million penalty