On August 25, 2023, Justice Wendlandt of the Massachusetts Supreme Judicial Court issued a ruling in Robinhood Financial, LLC v. Secretary of the Commonwealth which upheld the legality of the fiduciary duty standard imposed...more
9/8/2023
/ Broker-Dealer ,
Department of Labor (DOL) ,
Dodd-Frank ,
Duty of Care ,
Fiduciary Duty ,
Financial Industry Regulatory Authority (FINRA) ,
MA Supreme Judicial Court ,
NASD ,
Preemption ,
Regulation BI ,
Regulatory History ,
Robinhood Financial ,
Securities and Exchange Commission (SEC)
Key Takeaways:
..On November 10, 2021, the SEC released a Risk Alert which provides observations from recent examinations into advisers’ fee calculations.
..In yet another bleak report, the SEC declared that “most”...more