Disclosures to clients: advisers must reveal conflicts, holdings, product features and AI use to enable informed decisions. An investment adviser must disclose material information to clients-business, disciplinary history, terms, affiliations, holdings in advised products, and actual or potential conflicts of interest. Advisers must disclose key product facts including performance track records and highlight warnings and disclaimers. They must inform clients when services or products lie outside regulatory purview and disclose the extent of Artificial Intelligence use in providing advice.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Disclosures to clients: advisers must reveal conflicts, holdings, product features and AI use to enable informed decisions.
An investment adviser must disclose material information to clients-business, disciplinary history, terms, affiliations, holdings in advised products, and actual or potential conflicts of interest. Advisers must disclose key product facts including performance track records and highlight warnings and disclaimers. They must inform clients when services or products lie outside regulatory purview and disclose the extent of Artificial Intelligence use in providing advice.
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