SEC Clarifies Use of ‘Advisor,’ ‘Adviser’ by Dually Registered Firms
August 19, 2020 by Melanie Waddell
A broker-dealer that is also a registered investment advisor can use or distribute marketing materials that describe the firm’s financial professionals as “financial advisors,” “advisers” or “advisors,” the Securities and Exchange Commission stated in recently updated frequently asked questions guidance on Regulation Best Interest.
The agency clarified on Aug. 4 five questions relating to dually registered firms’ use of the term “advisor” and “adviser” regarding Reg BI compliance.
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Click HERE to read Frequently Asked Questions on Regulation Best Interest