{"id":1175,"date":"2021-09-10T02:52:51","date_gmt":"2021-09-10T02:52:51","guid":{"rendered":"http:\/\/localhost\/?p=1175"},"modified":"2021-10-18T12:48:47","modified_gmt":"2021-10-18T12:48:47","slug":"sec-schools-advisors-on-best-interest-obligations-to-do-list-for-fixed-income-principal-and-cross-trades-complex-product-and-form-crs-fails","status":"publish","type":"post","link":"https:\/\/bdia.pli.edu\/index.php\/2021\/09\/10\/sec-schools-advisors-on-best-interest-obligations-to-do-list-for-fixed-income-principal-and-cross-trades-complex-product-and-form-crs-fails\/","title":{"rendered":"SEC SCHOOLS ADVISORS ON BEST INTEREST OBLIGATIONS; \u201cTO DO\u201d LIST FOR FIXED INCOME PRINCIPAL AND CROSS TRADES; COMPLEX PRODUCT AND FORM CRS FAILS"},"content":{"rendered":"<p>September Regulatory Updates from\u00a0<a href=\"https:\/\/www.hardincompliance.com\/team\/cari-a-hopfensperger\/\">Cari Hopsfenperger<\/a>\u00a0at Foreside.<\/p>\n<p><strong>Topics include:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/www.sec.gov\/files\/wrap-fee-programs-risk-alert_0.pdf\"><strong>SEC Tells Advisors How to Manage Retail Accounts<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/www.sec.gov\/files\/fixed-income-principal-and-cross-trades-risk-alert.pdf\"><strong>Risk Alert \u2013 Observations Regarding Fixed Income Principal and Cross Trades by Investment Advisors from An Examination Initiative<\/strong><\/a><\/li>\n<li><strong><a href=\"https:\/\/www.finra.org\/rules-guidance\/guidance\/interpretations-financial-operational-rules\">Attention FinOps: FINRA Updates Interpretations of Financial and Operational Rules<\/a><\/strong><\/li>\n<li><a href=\"https:\/\/www.finra.org\/sites\/default\/files\/2021-08\/Regulatory-Notice-21-28.pdf\"><strong>FINRA Adopts New Rule Addressing the\u00a0<\/strong><strong>Operation of Inter-dealer Quotation Systems<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/www.sec.gov\/news\/press-release\/2021-130\"><strong>When Products are This Complicated, Training is Not Enough<\/strong><\/a><\/li>\n<li><a title=\"\" href=\"https:\/\/www.sec.gov\/news\/press-release\/2021-139\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>A Day (or a Year) Late and a Dollar Short \u2013 SEC Charges 27 Financial Firms for Form CRS Filing<\/strong><strong>\u00a0and Delivery Issues<\/strong><\/a><\/li>\n<li><strong><a href=\"https:\/\/www.foreside.com\/blog\/regulatory-update-sept-2021\/\">Three Blind Mice \u2013 The Latest Trio of Share Class Selection Disclosure Cases<\/a><\/strong><\/li>\n<li><a href=\"https:\/\/www.sec.gov\/litigation\/admin\/2021\/33-10958.pdf\"><strong>Classic Example of Suitability Violations Involving Structured Products<\/strong><\/a><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.foreside.com\/blog\/regulatory-update-sept-2021\/\">Read more here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>September Regulatory Updates from\u00a0Cari Hopsfenperger\u00a0at Foreside. Topics include: SEC Tells Advisors How to Manage Retail Accounts Risk Alert \u2013 Observations Regarding Fixed Income Principal and Cross Trades by Investment Advisors from An Examination Initiative Attention FinOps: FINRA Updates Interpretations of Financial and Operational Rules FINRA Adopts New Rule Addressing the\u00a0Operation of Inter-dealer Quotation Systems When &hellip; <a href=\"https:\/\/bdia.pli.edu\/index.php\/2021\/09\/10\/sec-schools-advisors-on-best-interest-obligations-to-do-list-for-fixed-income-principal-and-cross-trades-complex-product-and-form-crs-fails\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">SEC SCHOOLS ADVISORS ON BEST INTEREST OBLIGATIONS; \u201cTO DO\u201d LIST FOR FIXED INCOME PRINCIPAL AND CROSS TRADES; COMPLEX PRODUCT AND FORM CRS FAILS<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":90,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,24,21,22],"tags":[],"class_list":["post-1175","post","type-post","status-publish","format-standard","hentry","category-compliance","category-enforcement","category-regulatory","category-standard-of-care"],"aioseo_notices":[],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/users\/90"}],"replies":[{"embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/comments?post=1175"}],"version-history":[{"count":0,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1175\/revisions"}],"wp:attachment":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/media?parent=1175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/categories?post=1175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/tags?post=1175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}