SEC Fiduciary Duty

You couldn’t be blamed if you feel as if your head were spinning when it comes to trying to keep track of where the fiduciary ...

Which would you choose? Love or money. One adviser tried to have both and has now been barred from the industry and fined

Although the adviser's policy required it to identify and disclose conflicts of interest, it lacked any written P&Ps to ensure that conflicts of interest around ...

Remedial actions taken by the firms include the hiring of new compliance professionals at senior levels with extensive broker-dealer and investment adviser experience

A broker-dealer’s “policies and procedures must address not only conflicts of interest but also compliance with its Disclosure and Care Obligations under Regulation Best Interest”

Barouti would fill out the Investor Suitability Questionnaire and Subscription Agreement with his customers, including checking all boxes attesting to the customer’s high-risk tolerance, and ...

The adviser did not adequately disclose all material facts regarding the conflicts of interest that arose when employer plan participants considered rolling over their assets ...

Putting your interests above your clients should be as passe as bell-bottom jeans. Should the SEC discover the practice, expect the kind of trouble an ...

The firm's 'CCO did not have access to sufficient information about the clients of the Converted Accounts with which to evaluate the suitability of their ...

The firm's use of the letter was also improper because it required its clients, all of whom are retail clients, to agree to a waiver ...