Pursuit of violations leads SEC to crack down on inadequate disclosures (Law360)

A recent string of cases brought by the SEC have revealed a common theme – firms are doing a poor job including required customer disclosures for various offerings and activities. Founder and President Amy Lynch comments that marketing materials and other forms of firm communications are particularly lacking in the necessary disclosures for fees and expenses, conflicts of interest, and best execution issues. She adds that violations also result from lapses in communication between decision-makers and compliance departments, whether intentional or not. See Law360 (subscription required), “SEC Actions Point To ‘Hyperfocus’ On Disclosure Issues“