The SEC may soon be following the lead of the UK’s Financial Conduct Authority (FCA) by reviewing aspects of the investment consultant industry. Founder and President Amy Lynch believes the SEC will start looking more closely at conflicts that persist in the industry, as well as how firms are being compensated. Ms. Lynch also notes that large investment consultants are of particular concern for the SEC, due to their many lines of business that increase potential conflicts of interest, See FundFire (subscription required), “Regulators Put Consultant Conflicts in Crosshairs.”
