Will investment advisors with customer disputes over ten years old have to disclose them on their Form ADV under the new SEC Regulation Best Interest Rule that’s taking effect after June 30, 2020? The short answer is, yes. Advisors will be required to disclose these old investor complaints on their ADV Part 3.
The Stakes for a Clean Record are Now Even Higher
Effective June 30, 2020, the SEC is enforcing sweeping reform, titled “Regulation Best Interest”. What does the SEC’s Regulation Best Interest mean for brokers? The New RequirementsEffective June 30, 2020, the SEC is enforcing sweeping reform, entitled “Regulation Best Interest: The Broker-Dealer Standard of Conduct,” commonly referred to as “Reg BI.” At the same time, the SEC is also enforcing the …