SEC Fiduciary Duty

OCIE vows to "review for the inappropriate use of complex investment products and evaluate the robustness and effectiveness of related supervisory policies and procedures.  OCIE ...

Because these APFS registered representatives failed reasonably to investigate VXX, they did not understand how VXX works, the risks inherent in investing in VXX, or ...

Benjamin Edwards failed to implement advisory policies and procedures reasonably designed to prevent unsuitable recommendations that their retail advisory clients buy and hold the Complex ...

Without the benefit of the training required by the firm’s policies and procedures, certain of these Summit Financial IARs had a flawed understanding of VXX’s ...

Royal Alliance also failed to implement and reasonably design existing written policies and procedures that would safeguard against unsuitable investments in such products. For example, ...

This matter concerns the adviser's failure to adopt and implement P&Ps to prevent investments in two volatility-linked exchange-traded products that were not suitable for its ...

Another option is to simply give the client the pros and cons of the various options and let the client decide what’s in his best ...

Fund advisers will be allowed to risk up to 200% of their firms’ portfolios’ value in derivatives under first-of-their-kind rules adopted by a divided SEC ...

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 ...

Creative failed to adopt and implement written policies and procedures reasonably designed to prevent violations of the Advisers Act and the rules thereunder in connection ...