08.13.18
SEC Ponders Creating Video to Help Investors Decide Between Investment Advisor and Broker
by: Mark Schoeff Jr.
Addressing criticism heard at recent investor roundtables about the proposed client relationship summary (Form CRS), SEC Chair Jay Clayton said the agency could produce a video in which he and SEC staff help investors walk through the choice between an advisor and a broker. Clayton talked about the potential video, which would be posted on the agency website, during a July 9 investor roundtable. "One of the things that has come out of [the roundtables] is that there are people who are not written-word people," Clayton said. "We are thinking about doing a series of videos in connection with this." The host on the video would deliver the information that is intended to be conveyed on Form CRS.
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