The SEC has issued a four-part rules package for broker-dealers and investment advisers that includes the new Form CRS Regulation. The regulation requires broker-dealers and investment advisers to give short disclosure documents to all customers and potential customers beginning June 30, 2020.
The rule also requires that the new disclosure document provide investors with a series of questions that they should ask their adviser. Don’t you think you should know what those questions are . . . before you’re asked? The questions and my comments are in an article I wrote for my Forbes blog.
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