Securities,
Corporate
Jun. 25, 2019
SEC attempts to preserve choice for investors in their relationships with financial professionals
On June 5, the SEC adopted a package of new rules, amendments and interpretations that addresses the obligations of broker-dealers and investment advisers when they provide investment advice and services to investors.
Michael L. Lawhead
Michael is a partner with the firm's Securities and Corporate Governance Practice Group, based in its Costa Mesa office.
On June 5, the Securities and Exchange Commission, by a 3-to-1 vote, adopted a package of new rules, amendments and interpretations that addresses the obligations of broker-dealers and investment advisers when they provide investment advice and services to investors. Specifically, these actions include the new Regulation Best Interest, new Form CRS Relationship Summary and interpretations under the Investment Advisers Act of 1940. The new rules will enhance the standa...
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