An SEC committee is calling out firms over form CRS disclosure inadequacies. Yet fiduciary and plain-language experts believe the SEC’s “call outs” miss the mark.
Blog
Most Advisors Don’t Disclose Fiduciary Status On Forms – That’s A Big Deal
Form CRS is designed to show broker-dealer and RIA differences. Samples of forms, however, show they fall way short of the clear guidance clients need. Knut argues for clearer regulatory guidance.
Is SEC Telling Advisors Not To Call Themselves Fiduciaries In Relationship Summaries?
RIAs and their compliance executives are worrying that the SEC is muddying the waters more for consumers by making all financial professionals look the same.
What to Know About Fee-Only Financial Advising
Katie Oelker, a personal finance writer at Business Insider, explains fee-only financial advising.
The SEC’s Dismal Failure with Form CRS
The SEC’s current guidance on CRS fails investors and confuses RIAs. It can be made right to fulfill its core purpose, consistent with 40 Act.
Additional Testing Of Thirty Fee-Only IAs CRS Reveals The Widespread Practice of Omitting Mention Of Fiduciary Status
Further testing of Fee-only IAs CRS forms reveal that fiduciary status is frequently omitted
