XYPN petitions SEC for brighter line between brokers, advisers
The network is prodding the SEC to force brokers to register as advisers if they give advice, provide financial planning or hold themselves out as advisers.
The XY Planning Network filed petitions with the Securities and Exchange Commission Monday to promulgate rules that would sharpen the distinction between brokers and investment advisers.
The network, a financial planning platform for fee-for-service investment advisers, is prodding the SEC to wri
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