Charleston Financial Blog

One Bad Apple

Posted by Bill Prewitt, M.S., CFP® on 1 July 2009

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Investment Advisors managing over $25 million are subject to regulation by the Securities and Exchange Commission (SEC).  The general public has long relied on SEC oversight as an indication that regulated advisors are probably okay to invest with.  For its part, the SEC does not issue any such approval since they are acting as regulators.  Regulated advisors are required to make disclosures about how they operate, and bring to light any potential conflicts of interest that may exist in their advisory relationship.

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