“The SEC is functioning well in a mandatory telework environment, and staff is working collectively on Reg BI examination scoping and will continue to work closely with [the Financial Industry Regulatory Authority] to help ensure consistency in examining firms and their associated persons for compliance with Reg BI and Form CRS,” Clayton said. 

At all times, but especially in times of market duress, Reg BI codifies that investment professionals should not put their interests ahead of the interests of their clients and customers. Investors should also know the services they are receiving and how they will be charged for those services, which Form CRS codifies, Clayton explained.

The interests of 57 million American investors “are the lens through which we evaluate whether we are effectively advancing the SEC’s mission,” he added.

First « 1 2 » Next