Investors Get Added Level of Protection With New "Best Practices" Guide
The Securities Industry and Financial Markets Association (SIFMA) has published “best practices” for the 650 financial services firms that are members of the association. The best practices are aspirational guideposts to assist the financial services industry in achieving the highest professional standards in consideration of the high level of trust investors place in these firms.
The best practices cover everything from an investor’s rights to the internal management of a firm to staying in compliance. Some of its more interesting provisions include a requirement that firms disclose significant conflicts of interest to investors. Additionally, another provision provides for firms to provide investors with an analysis of the risks and benefits of alternative investment options.
Read more about the best practices in an article on FinanceCouncil.com
