A CRS is a new, 2-4 page disclosure document that SEC-regulated firms are required to deliver to their clients. Adopted to help investors understand the various standards of care that apply to their financial professionals (investment advisers vs. broker-dealers vs. dual registrants), as well as potential conflicts of interest which may be intrinsic to a firm’s business practices. It is therefore essential for attorneys who need to refer clients to a financial professional or firm to be aware of your firm’s CRS.

This CLE course, will advise attorneys making referrals regarding how to utilize the CRS in their due diligence process.

The course will offer an overview of the history of CRS including its evolution through investor surveys, regulatory initiatives, and focus groups. The course will present the ins and outs of the CRS, explain when and where it may fall short, identify potential conflicts of interest and evaluate regulatory and disciplinary disclosures. Participants will leave with a firm of understanding of how to utilize the CRS in their due diligence before recommending a financial professional to clients.