SEC Chairman Jay Clayton announced that the SEC will hold two events for Main Street investors in Boston on Monday, July 8th. The first event is a roundtable hosted by Chairman Clayton with Main Street Investors that will focus on the SEC’s ongoing investor education efforts. The roundtable will explore issues relevant to Main Street investors, such as understanding important differences between investment advisers and broker-dealers. Other senior SEC staff will join the event.
The second event will focus on the recently adopted Regulation Best Interest, which was designed to enhance and clarify the standards of conduct applicable to broker-dealers and investment advisers while helping retail investors better understand and compare products and services. Regulation Best Interest and the new Form CRS Relationship summary were recently accepted as final rules by the SEC. Chairman Clayton will discuss this package of rules and interpretations later that evening.
More information about the events is as follows:
Main Street Investor Roundtable
Location: Securities and Exchange Commission, Boston Regional Office - 33 Arch Street, 24th Floor, Boston, MA 02110
Date: July 8th, 2019
Time: 2 pm - 3 pm EST. Doors will open at 1:30 pm.
Participants should be retail investors who work with, or are considering working with, a financial professional and have no affiliation with the financial services industry.
Chairman Clayton’s Discussion of the Standards of Conduct for Financial Professionals
Location: Babson College’s Boston Campus - 100 High Street, 9th Floor, Boston MA 02210
Date: July 8th, 2019
Time: 5 pm - 6 pm EST. Doors will open at 4:30 pm. Guests must check in at the registration table.
Please email boston@sec.gov to RSVP for one or both events. These events are free and open to the public and media. Please note that the number of participants for these events may be limited.
Sources:
SEC Chairman Clayton Announces Events for Main Street Investors in Boston (www.sec.gov)
SEC Enhances Protections and Preserves Choice for Retail Investors (www.novaworkssoftware.com)
