BACKGROUND -
- On June 5, 2019, the SEC formally adopted four
measures for the protection of retail investors:
1. Form CRS
2. Regulation Best Interest (“Regulation BI”)
3. Interpretation of investment advisers’ (“IAs”) fiduciary duties
4. Interpretation of the “solely incidental” prong of the broker-dealer exclusion from definition of “investment adviser” under the Investment Advisers Act of 1940
Please see full publication below for more information.
