The Commission passed Regulation Best Interest this week (here). The new Regulation governs the obligations of broker-dealers giving advice to retail investors, raising the existing standard. While it was built on the kind of fiduciary duty principles that govern investment…
Tag: valuation
SEC Sanctions Firm For Falsifying Value of Deal
Critical to any exchange transaction is the value given and received. It is axiomatic that the firm must conduct appropriate due diligence to determine the appropriate value and properly account for the transaction. A failure to account for the transaction…
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