SEC Fiduciary Duty

As Washington pressures industry, advice-of-counsel becomes "fertile ground" for litigation

Firm and President/CCO failed to implement P&Ps to ensure it understood the material features and risks of complex products

As Summit’s sole owner and investment adviser representative, President, and Chief Compliance Officer, Richard Urciuoli was responsible for Summit’s failures

By slipping 2019 fiduciary guidance in as dicta, Commission may signal a crackdown

This tool can help staff and clients decide the best option when rolling over funds

Masella, who knew the private placement shares were illiquid and restricted, worked with Pinnacle and its principals to classify the investment as “less liquid” rather ...

"Investment advisers and broker-dealers that recommend these products must ensure that they are in the client’s or customer’s best interest"

"This conduct was inconsistent with the prospectuses for the LETFs, which stated that the products carried unique risks, were designed to be held for no ...

A greater understanding of what it takes to comply with the SEC’s best interest standard comes out of new staff guidance designed to help advisers ...

These are the second set of FAQs the SEC staff has released related to IA's fiduciary duty and B-D's Reg BI obligations