SEC staff reminded broker-dealers and investment advisers of the obligation under Regulation Best Interest and the IAA fiduciary standard to act in a retail investor's best interest and disclose conflicts of interest.
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The CFPB reviewed unanticipated overdraft fee assessment practices and concluded that surprise overdraft fees and surprise depositor fees are "likely unfair and unlawful under existing law."
The SEC Division of Examinations identified common compliance deficiencies relating to Regulation Best Interest found during broker-dealer supervisory examinations.
The SEC Office of Investor Education and Advocacy warned investors about the potential dangers of relying on investment advice delivered through social media.
The SEC proposed a "draft strategic plan" detailing its priorities for FY 2022 through FY 2026.