SEC ADOPTS RULES AND INTERPRETATIONS RELATED TO IA AND BD STANDARDS OF CONDUCT -

- On June 5, 2019, the SEC formally adopted four measures for the protection of retail investors.

- Regulation BI (“Best Interest”).

- Form CRS (“Customer Relationship Summary”).

- Interpretation of investment advisers’ fiduciary duties.

- Interpretation of the “solely incidental” prong of the broker-dealer exclusion from definition of “investment adviser.”