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SEC flags adviser conflict of interest issues

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Photo: J. David Ake/Getty Images

Alexander Barzacanos

1 min read
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Identified problems included nondisclosure of advisers’ financial incentives and clients being charged for services they did not receive.

After identifying deficiencies involving cash sweep programs and advisory fee calculations, the SEC’s Division of Examinations has urged investment advisers to review their handling of economic conflicts of interest.

In a risk alert, the division said its examinations had uncovered conflicts that were not disclosed to clients or

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