U.S. SEC addresses Wall Street ‘misconceptions’ about conflicts of interest
August 9, 2022 by Katanga Johnson
WASHINGTON, Aug 3 (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Wednesday published a staff bulletin that seeks to clarify how broker dealers and investment advisors must address conflicts of interest when providing advice and recommendations to investors.
The guidance aims to spell out expectations amid industry “misconceptions,” an SEC official told reporters, adding that while all financial firms and professionals have some conflict, the “nature and expense” of those conflicts can vary.
Click HERE to read the full story via Reuters