The SEC says it has uncovered numerous deficiencies in areas such as marketing and disclosure in a multi-year initiative to raise the quality of advice delivered to investors saving for retirement.
Launched last summer, the Retirement-Targeted Industry Reviews and Examinations (ReTIRE) initiative has initiated more 160 sweep examinations of advisors and brokers to evaluate how they are providing advice to investors saving for retirement, according to commission officials during a live stream of the SEC Speaks conference.
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