While the FAQ reminds of the need tofully disclose all conflicts, it also underscores the need to beconcise on Form ADV filings. (Photo: Shutterstock)
Last week, the Securities and Exchange Commission released adocument on frequently asked questions regarding fiduciaryadvisors' disclosure requirements on their compensation.
The latest guidance comes on the heels of the SEC's Share ClassSelection Disclosure Initiative, run by the Commission's Divisionof Enforcement, which allowed fiduciary advisors to self-reportfailures to disclose 12b-1 compensation on investmentrecommendations.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.