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Regulator: Hybrid Advisors Should Review Fees Often

Friday, May 02 2014
Regulatory & Compliance
Written by  PFA News

The Securities and Exchange Commission says brokerage firms that are adding fee-based business through the use of dual registered advisors need to frequently assess if their fees are appropriate. So reports Financial Advisor.

Some firms have failed to establish procedures for checking if their fees are the best for their clients, adds Drew Bowden, director of compliance inspections and examinations with the regulator.

Read the full article from Financial Advisor.

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