Form CRS is a client or customer relationship summary. Advisers and brokers are required to deliver a relationship summary to you beginning in summer 2020. The relationship summary contains important information about the adviser or broker. Choosing or continuing to work with a financial professional is an important decision.

Broker-dealers registered with the SEC that offer services to retail investors must file and deliver a Form CRS under Rule 17a-14.

Filing Form CRS is mandatory for every broker or dealer registered with the Commission pursuant to section 15 of the Exchange Act that offers services to a retail investor. See 17 CFR 240.17a-14. Intentional misstatements or omissions constitute federal criminal violations (see 18 U.S.C. § 1001 and 15 U.S.C. 78ff(a)).

2024年3月22日 · Form CRS is a relationship summary disclosure that broker-dealers and SEC-registered investment advisers must provide retail investors.

Form CRS and its related rules require SEC-registered investment advisers and SEC-registered broker-dealers (together, “firms”) [3] to deliver to retail investors a brief customer or client relationship summary that provides information about the firm. [4] . Firms must file their relationship summaries with the Commission.

Registered broker-dealers and registered investment advisers are required to provide a new customer or client relationship summary (also called Form CRS) to retail investors. SEC staff designed this Investor.gov page to help investors better understand how to use the relationship summary when choosing a financial professional.

2022年6月30日 · Form CRS—short for client or customer relationship summary—is a mandatory written disclosure that broker-dealers and registered investment advisors (RIAs) must provide to clients that discloses key information about the broker-dealer’s background and practices.

2024年6月14日 · Form CRS is meant to be concise and direct and should not exceed two pages. The good news for SEC-registered advisers is that the Form CRS has a fairly prescriptive format, which offers helpful guidance on what should and shouldn’t be included – and we’ve broken down all five sections here!

2020年8月6日 · In order to help you, the retail investor, understand the differences between brokers and advisers—including, for example, the services they offer and the fees they charge—SEC rules require them to provide you a “relationship summary.”

2023年2月2日 · Form CRS is a relationship summary disclosure form (“CRS” stands for customer or client relationship summary). As part of their disclosure obligations under Reg BI, broker-dealers and financial advisors are now required to share …