Recent SEC rulemaking and guidance heightened retail broker-dealer and investment adviser investment recommendation and advice standards and created certain compliance obligations with respect to account monitoring. Firms that provide account monitoring services should ensure their practices encompass recent developments.

In this Bottom Line videocast, Michael Koffler and Nicholas Rinaldi See more +

Recent SEC rulemaking and guidance heightened retail broker-dealer and investment adviser investment recommendation and advice standards and created certain compliance obligations with respect to account monitoring. Firms that provide account monitoring services should ensure their practices encompass recent developments.

In this Bottom Line videocast, Michael Koffler and Nicholas Rinaldi discuss:

broker-dealer account monitoring and recommendations under the solely incidental prong of the broker-dealer exclusion to the Advisers Act

Regulation Best Interest’s impact on both implicit and explicit investment recommendations

how an investment adviser may satisfy the duty of care when monitoring a client’s account See less -