Sneak peek at new SEC advice standard sparks hope, concern

April 12, 2018 by Mark Schoeff Jr.

The sneak peek the Securities and Exchange Commission has offered of its pending proposal on investment advice standards has sparked both hope and concern among investor advocates and industry representatives.

In a notice posted on its website Wednesday, the agency indicated it will release a regulation on April 18 consisting of three parts: a disclosure document for registered investment advisers and brokers that summarizes their relationship with investors; a rule that sets a broker advice standard; and an “interpretation” of the standard of conduct for investment advisers.

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Originally Posted at InvestmentNews on April 12, 2018 by Mark Schoeff Jr..