The Securities and Exchange Commission said it wants to require investment advisers to provide clients with online brochures describing their services, fees and conflicts of interest in a reader-friendly format.

The SEC voted to propose rule amendments to Part 2 of Form ADV, which would require plain-English disclosure. The brochure would require receipt of compensation from issuers as well as discussion of conflicts of interest about side-by-side management. The SEC has not yet released the rule proposal.

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