{"id":11040,"date":"2023-05-15T12:51:21","date_gmt":"2023-05-15T16:51:21","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=11040"},"modified":"2023-05-15T12:51:21","modified_gmt":"2023-05-15T16:51:21","slug":"sec-issues-guidelines-for-standards-of-conduct-and-care-obligations-for-investment-advisors","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/sec-issues-guidelines-for-standards-of-conduct-and-care-obligations-for-investment-advisors\/","title":{"rendered":"SEC Issues Guidelines For Standards of Conduct And Care Obligations For Investment Advisors"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-8713 size-medium\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/01\/SEC-300x200.jpg\" alt=\"The Securities and Exchange Commission recently released a staff bulletin to offer further guidance to brokers, broker-dealers, and investment advisors. Written in a question-and-answer format, the bulletin is designed to offer information to its target audience for two topics:  The Care Obligation of Regulation Best Interest (\u201cReg BI\u201d) for broker-dealers The duty of care enforced under the Investment Advisers Act of 1940, known as the \u201cIA fiduciary standard\u201d for investment advisors  These are collectively referred to as \u201ccare obligations,\u201d requiring a fiduciary to put the client\u2019s needs above their own when making recommendations. Many brokers are also registered as investment advisors. When acting as an investment advisor, the broker must notify the customer that they are acting in that capacity and use the IA fiduciary standard.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/01\/SEC.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/01\/SEC-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>The Securities and Exchange Commission recently <a href=\"https:\/\/www.sec.gov\/tm\/standards-conduct-broker-dealers-and-investment-advisers\" target=\"_blank\">released a staff bulletin<\/a> to offer further guidance to brokers, broker-dealers, and investment advisors. Written in a question-and-answer format, the bulletin is designed to offer information to its target audience for two topics:<\/p>\n<ul>\n<li>The Care Obligation of <a href=\"https:\/\/www.sec.gov\/regulation-best-interest\" target=\"_blank\">Regulation Best Interest<\/a> (\u201cReg BI\u201d) for broker-dealers<\/li>\n<li>The duty of care enforced under the <a href=\"https:\/\/www.investopedia.com\/terms\/i\/investadvact.asp\" target=\"_blank\">Investment Advisers Act of 1940<\/a>, known as the <em>\u201cIA fiduciary standard\u201d<\/em> for investment advisors<\/li>\n<\/ul>\n<p> <a href=\"https:\/\/www.silverlaw.com\/blog\/sec-issues-guidelines-for-standards-of-conduct-and-care-obligations-for-investment-advisors\/#more-11040\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Securities and Exchange Commission recently released a staff bulletin to offer further guidance to brokers, broker-dealers, and investment advisors. Written in a question-and-answer format, the bulletin is designed to offer information to its target audience for two topics: The Care Obligation of Regulation Best Interest (\u201cReg BI\u201d) for broker-dealers The duty of care enforced [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[603],"tags":[],"class_list":["post-11040","post","type-post","status-publish","format-standard","hentry","category-sec-investor-tips"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEC Issues Guidelines For Care Obligations For Advisors<\/title>\n<meta name=\"description\" content=\"The SEC recently released a staff bulletin to offer further guidance to brokers, broker-dealers, and investment advisors.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/sec-issues-guidelines-for-standards-of-conduct-and-care-obligations-for-investment-advisors\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Issues Guidelines For Care Obligations For Advisors\" \/>\n<meta name=\"twitter:description\" content=\"The SEC recently released a staff bulletin to offer further guidance to brokers, broker-dealers, and investment advisors.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/01\/SEC-300x200.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<!-- \/ Yoast SEO plugin. 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