Issues Regarding Fee-Based Brokerage Accounts

 

Below is information regarding the D.C. Circuit Court's recent decision in Financial Planning Association v. SEC, in which the court ruled that the SEC exceeded its authority under the Investment Advisers Act when it promulgated Rule 202 (a)(11)-1 exempting certain broker-dealers providing fee-based brokerage accounts from registering as investment advisers.


         2007 May Monthly Luncheon Presentation - Financial Planning Association v. SEC: Fee Based Brokerage 

 

         SIFMA-CL Annual Seminar 2007 Panel Materials: Investment Adviser Issues for Broker-Dealers

         SEC Press Release