Amy Lynch wants better guidance from the SEC on Form CRS (InvestmentNews)

While the SEC has been critical of certain firm information on Form CRS that it has reviewed, the regulator has not offered additional guidance to firms to help them better decipher the content required. FrontLine’s Founder and President says that needs to change. Ms. Lynch states that by strictly following the SEC’s suggested format, Form…

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Case shows SEC bearing down on conflicts, lack of disclosures and misleading statements (IGNITES)

A recent SEC case should be viewed as a warning from the regulator on its current mandate to investigate firms for potential misconduct with their clients. In particular, the Enforcement case reveals a focus on conflicts of interest, missing or improper disclosures and false and misleading statements. The case against Valic Financial Advisors, which sold…

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