SEC Fiduciary Duty

'The SEC has not brought one enforcement action,' consumer advocate says. 'That’s not because all firms are complying...'

"Firms need to take investor protection and compliance obligations seriously, reining in or curing any conflicts and really delivering the best interest advice that investors ...

Although neither HighPoint nor its IARs received the 12b-1 fees paid to the Clearing Firm, HighPoint and its IARs had a conflict of interest when ...

RCW has taken the nearly 3,000 word staff release and converted the guidance into a list of do’s and don’ts

The staff strongly encourages firms to eliminate or mitigate any incentive that poses a risk of causing the firm or its financial professionals to place ...

"Many rely on broker-dealers and investment advisers to help them choose the investments, strategies, and accounts to meet their goals. It is important that investors ...

"Fund advisers do owe the funds they manage a fiduciary duty, which includes a duty of care and a duty of loyalty. The Commission can always ...

A peer shares a document that can aid an adviser in deciding whether to advise a client to rollover his assets into an adviser-managed IRA

A peer shares a worksheet to use when a client seeks to rollover her 401(k) assets into an adviser-managed IRA

The CCO at the advisory firm during this period was Don Delano, according to SEC records. However, Richard Barton was named CCO in January