Specifically, the SEC is asking firms to provide information on wrap-fee policies, total assets, and past legal actions or client complaints.
Estimated reading time: 0 minutes, 16 seconds
The Securities and Exchange Commission has asked firms to provide records pertaining to wrap-fee programs. The regulator is evaluating if firms are complying with federal regulations. So reports Reuters.
Specifically, the SEC is asking firms to provide information on wrap-fee policies, total assets, and past legal actions or client complaints.