Financial headlines seem to cover broker-dealer conflicts of interest every day.
Questions about whether, and the degree to which, existing compensation models satisfy appropriate standards of care are at the center of the debate. Both regulators and clients are asking probing questions.
Amid this landscape, Pershing has worked with Thomas Roberts, a member of Groom Law Group’s Fiduciary practice group, to provide you with a solid understanding of the current landscape. Our two-part series focuses on the emerging compliance challenges confronting broker-dealers and hybrid model firms.
Part One—A Focus on Broker-Dealer Challenges looks at common broker-dealer practices that may cause potential conflicts of interest and the implications firms may want to consider.