U.S. SEC issues compliance focus areas for brokers before new rules take effect


FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst/File Photo

WASHINGTON (Reuters) – The head of the examination office at the U.S. Securities and Exchange Commission (SEC) on Tuesday published details about the expected scope and content for compliance with a new rule requiring broker-dealers and investment advisers to disclose potential conflicts of interest.

Although the financial industry had lobbied to delay or suspend parts of the measure beyond its June 30 deadline, citing issues stemming from the coronavirus pandemic, SEC Chair Jay Clayton said

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