Financial Services Regulations and Requirements

Free CFP Exam lesson in Professional Conduct and Regulation. 16 min read, ~2,364 words.

$100M+ AUM = SEC registration; under $100M = state, with a buffer zone from $100M-$110M. Form ADV Part 1 goes to the regulator; Part 2A (client brochure) goes to the client; Form CRS is the short-form comparison document. Series 7 = broad (all securities); Series 6 = narrow (mutual funds...