SEC advice rule concerns raised by Schwab, AARP

June 13, 2018 by Mark Schoeff Jr.

Charles Schwab & Co. Inc. and AARP voiced concerns Tuesday about the Securities and Exchange Commission’s proposal for new investment adviser and broker disclosures.

Jeff Brown, Schwab senior vice president for legislative and regulatory affairs, said the client relationship summary that is part of the SEC’s investment advice reform package is unwieldy.

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