FINRA recently released a podcast called “What to Expect: The 2020 Exam and Risk Monitoring Program“. It provides a wealth of information from three members of the Member Supervision Senior Leadership on what to expect from the Examination and Risk Monitoring program in 2020. Here are a few highlights from the podcast. Read More…
In June, the U.S. Securities and Exchange Commission (SEC) passed âRegulation Best Interest: The Broker Dealer Standard of Conductâ and âForm CRS Relationship Summary; Amendments to Form ADVâ. This legislation, Regulation Best Interest and CRS Relationship Summary, is the cumulation of many attempts to mesh the âfiduciary standardâ for Investment Advisers and Broker-Dealer Representatives. The objective of this legislation and its requirements are to educate investors through disclosures regarding any conflicts, fees, costs, and whether the investment opportunities being offered are suitable for the investor. This legislation will impose new documentation requirements for both Investment Advisors and Broker-Dealer Representatives.