In April 2023, the US Securities and Exchange Commission (SEC) published a Staff Bulletin entitled “Standards of Conduct for Broker-Dealers and Investment Advisers Care Obligations”.
As reported by SRP, this comprehensive Bulletin represents the latest guidance from the SEC for both broker-dealers and investment advisers on fair treatment of investors and their interests. The size of the US market and the nature of its political and legal checks and balances means that a two-pronged regulatory approach has worked well - Tim Mortimer, FVC In the US, financial oversight is managed by the SEC and Financial Industry Regulatory Authority (FINRA). These two bodies have overlap
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