Investment Advisers Act of 1940: Federal law that regulates investment advisers and requires registration with the SEC for advisers managing over certain thresholds of assets
Securities Exchange Act of 1934: Federal law governing securities transactions and requiring specific disclosures when providing securities-related advice
Regulation Best Interest (Reg BI): SEC rule requiring broker-dealers to act in the best interest of retail customers when making recommendations
Form ADV Requirements: SEC-mandated disclosure document that must be provided to clients, detailing business practices, fees, conflicts of interest, and background information
State Investment Adviser Regulations: State-specific rules governing investment adviser registration, conduct, and compliance requirements
State Fiduciary Requirements: State-level regulations defining fiduciary duties and responsibilities to clients
CFPB Regulations: Consumer Financial Protection Bureau rules protecting consumers in financial transactions and services
Gramm-Leach-Bliley Act: Federal law requiring financial institutions to explain their information-sharing practices and protect sensitive data
CFP Board Standards: Professional standards of conduct for Certified Financial Planner professionals, including ethical requirements and best practices
FINRA Regulations: Rules governing broker-dealers and registered representatives, including compliance and disclosure requirements
Scope of Engagement Requirements: Documentation requirements for clearly defining services, limitations, and responsibilities in the financial planning relationship
Fee Disclosure Requirements: Regulations requiring clear disclosure of all fees, compensation structures, and costs associated with financial planning services
Conflict of Interest Disclosures: Requirements for disclosing any potential conflicts of interest between the adviser and client
Risk Disclosure Requirements: Obligations to disclose potential risks associated with financial planning recommendations and strategies
State Privacy Laws: State-specific requirements for protecting client privacy and handling personal information
