The proposal also includes revisions to Forms U4 and U5 Proposed Revisions that would require firms to report, as customer complaints, allegations of sales practice violations made in arbitration claims and civil lawsuits against registered persons who are not named as parties in those proceedings.
The Proposed Amendment would replace the current checkthebox format and related disclosure schedules with plain English, narrative brochure. The brochure would contain enhanced disclosure of potential conflicts of interest and would incorporate the disclosure of legal and disciplinary events involving the investment adviser firm and its management personnel.
The Proposed Amendment would replace the current checkthebox format and related disclosure schedules with plain English, narrative brochure.
About UsBoard of Directors Calendar Of Events Contact Us FSI In The News FSI Privacy Policy Management Team President & CEO Message Year in Review MembershipBrokerDealers Financial Advisors Financial AdvisorsArchived Web Conferences Calendar of Events OneVoice 2008 Ed Session Materials FSI Advocacy Summit SponsorshipBecome SponsorSEC Publishes Changes to FINRA Rule 2821FSI comments on proposed amendment Last month the SEC published proposed amendments to Part of Form ADV Proposed Amendment. Form ADV Part 2. importantly, advisers would file their Brochures with the SEC electronically. The Brochures would then be made available to the public through the SECs Web site.
The proposal also includes revisions to Forms U4 and U5 Proposed Revisions that would require firms to report, as customer complaints, allegations of sales practice violations made in arbitration claims and civil lawsuits against registered persons who are not named as
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