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Best Interest Standard of Care for Advisors, Part 76: Mitigation of Conflicts
FredReish.com Link to more items from this source
[Guidance Overview]
Dec. 9, 2021

"Generally speaking, financial institutions have two types of conflicts for this purpose.... For the first category -- where the compensation is shared with the investment professionals -- as a general matter the best interest process (that is also required as a condition of PTE 2020-02) will be the first line of defense.... In some cases, though, that may not be enough.... For the second category -- compensation to the financial institution that is not shared with the investment professionals -- the mitigation involves only the firm's practices."

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