RIA

Brokers vs. Financial Advisers: Legal Duties and Fees

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SUMMARY Most people assume their “financial adviser” is legally required to act in their best interest. Often that is not true. Brokers, registered investment advisers, dual registrants and credentialed planners operate under different legal standards, compensation structures and disclosure requirements. The differences directly affect what you pay and the quality of advice you receive. Knowing … Read more

SEC Cracks Down on “AI Washing” by Investment Advisers

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The Securities and Exchange Commission is taking aim at investment advisory firms that mislead investors about their use of artificial intelligence. In an enforcement action announced today, the SEC charged two firms – Delphia (USA) Inc. and Global Predictions Inc. – with making false and misleading statements about incorporating AI into their investment processes. From … Read more