FYI: The Securities and Exchange Commission today released a series of six short videos the regulator hopes will provide investors with information to help them intelligently evaluate the differences between advisors and brokers before hiring a financial professional.
The video series—now available at SEC.gov and Investor.gov/CRS—is being released on the heels of the SEC’s new sales conduct regulatory package that was supposed to better protect investors from costly and often hidden conflicts of interest. The package, Regulation Best Interest, was finalized by the SEC in June, but seems to leave lingering concerns about investor safety. Critics claim that the new Reg BIrule blurs the gap between fiduciary advice and more conflicted business models.
Regards,
Ted
https://www.fa-mag.com/news/sec-launches-video-series-to-aid-investors-hiring-an-advisor-51134.html?print
