Bao Nguyen specializes in recognizing and assessing compliance risks for broker-dealers, investment advisers and private funds. He provides clients with compliance solutions, such as annual compliance program reviews, anti-money laundering independent testing, supervisory control risk assessments, fraud investigations and customized compliance consultancy services. He has also assisted clients with broker-dealer and investment adviser registration with FINRA, the states, and the Securities and Exchange Commission regulatory examinations and investigations.
To harmonize that, the SEC came up with Reg BI, to bring it closer in line with the fiduciary rule of the Investment Advisers Act. They also came up with Form Customer Relationship Summary (CRS), which requires a broker/dealer [B/D] and adviser to provide a two-page summary of their investment recommendation.9 February 2021