The Securities and Exchange Commission on Friday told brokerages and investment advisory firms they need to more clearly disclose their fees and explain their conflicts of interest while using less jargon on a document known as Form CRS. The SEC ...

A major Wall Street trade organization is discouraging the Securities and Exchange Commission from creating new regulations targeting the online practices of financial advisers. The agency can turn to the broker standard of conduct, Regulation Best Interest, if it determines ...

When a registered representative recommends that a client buy a certain mutual fund, she used to just have to make sure that the fund fit the customer’s investment objectives. That’s what occurred under the suitability standard. Since the implementation of ...

Despite having operated under a new standard of conduct for more than a year, most brokerages continue to demonstrate conflicts of interest when making investment recommendations to retail customers, according to a new study by state regulators. The North American ...

Securities and Exchange Commission Chairman Gary Gensler is pursuing a long list of priorities that befits his reputation as an aggressive regulator. As you scroll down the agency’s latest regulatory agenda, you’ll notice pending rule proposals for climate change and ...

Financial firms must be ‘proactive’ in aligning compliance practices to meet emerging risks and Securities and Exchange Commission investor protection priorities, the agency’s new enforcement chief said this week. Gurbir Grewal, director of the SEC’s Division of Enforcement, used the ...

A recent addition to the staff of Securities and Exchange Commission Chairman Gary Gensler has one Republican lawmaker worried the agency will try to overhaul the broker standard of conduct. Rep. Ann Wagner, R-Mo., pressed Gensler during a House Financial ...

Financial firms that are failing to comply with the broker standard of conduct aren’t aligning their internal controls to meet its requirements, securities regulators said Wednesday. Now that Regulation Best Interest has been in force for more than a year, ...

Nudges from trading apps that encourage investors to buy stocks could amount to investment advice and subject the online platforms to the Securities and Exchange Commission’s broker advice standard, regulators said Sunday. SEC Commissioner Allison Herren Lee said Regulation Best ...

The Securities and Exchange Commission on Monday ordered 27 financial firms to pay a total of $910,092 in penalties in the first enforcement actions for compliance failures related to the client disclosure document known as Form CRS. The customer relationship ...