US watchdog reviews investment advisers and broker dealer obligations

The US Securities and Exchange Commission (SEC) is seeking feedback from retail investors and other interested parties on the standards of conduct applicable for broker-dealers and investment advisers. In a public statement earlier this month SEC chairman Jay Clayton (pictured) said that the regulator has been reviewing the legal and regulatory requirements applicable to broker-dealers, investment advisers, and associated persons for a number of years which have resulted in a range of potential