Compass
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AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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SEC Fact Sheet on Proposals to Enhance Protections and Preserve Choice for Retail Investors in Their Relationships With Investment Professionals
U.S. Securities and Exchange Commission [SEC] [Guidance Overview] Apr. 19, 2018
"The Commission proposed two rules and an interpretation to address retail investor confusion about the relationships that they have with investment professionals and the harm that may result from that confusion.... A broker-dealer making a recommendation to a retail customer would have a duty to act in the best interest of the retail customer at the time the recommendation is made, without putting the financial or other interest of the broker-dealer ahead of the retail customer.... An investment adviser owes a fiduciary duty to its clients -- a duty that the Supreme Court found exists within the Advisers Act. The proposed interpretation reaffirms, and in some cases clarifies, certain aspects of the fiduciary duty that an investment adviser owes to its clients.... Investment advisers and broker-dealers, and their respective associated persons, would be required to provide retail investors a relationship summary.... The Commission will seek public comment on the proposed rules and interpretations for 90 days."
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