Tag: brokers

The Commission resolved a long simmering issue by a 3-1 vote, adopting Regulation Best Interest which details the standard applicable when a broker-dealer or registered representative makes a recommendation to a retail customer. While the regulation was proposed in April …

SEC Regulation Best Interest for Brokers is Adopted Read More »

Tagged with: , , ,

The retail brokerage focus of the Enforcement Division is readily apparent in its latest case. There a dual registered investment adviser broker-dealer misrepresented its services and charges to clients, repeatedly over-charging and under serving them for years. The disgorgement, prejudgment …

SEC, Advisor-Broker Settle Retail Customer Overcharges Read More »

Tagged with: , ,