SEC headquarters in Washington. (Photo: AP)
The Securities and Exchange Commission's recent stance that advisors and broker-dealers can only use one Form CRS when offering multiple products and services will "ultimately confuse investors," according to the Investment Adviser Association in Washington.
Industry groups and compliance pros are weighing in on the SEC's recently released FAQ on the agency's Customer Relationship Summary, or Form CRS, which is part of the securities regulator's advice-standards package.
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