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SEC officials are asking Main Street investors to “Tell Us” about their investor experiences. At recent roundtables in Houston, Atlanta, Miami, Washington, D.C., Philadelphia, and Denver, investors shared their thoughts on standards of conduct for investment advisers and broker-dealers. A proposed rule seeks to align investor expectations with legal requirements while preserving consumer choice and access to investment services and products.

Denver roundtable with Chairman talking to people

DC Town Hall with guests

Denver Town Hall and Chairman talking to guest

“I have had the privilege to attend many of the roundtables, and these candid, experience-based discussions with Main Street investors have been incredibly valuable and informative,” said Chairman Jay Clayton. “I thank the participants for taking the time to engage in meaningful, personal conversations with us and the staff who put in the hard work to put these roundtables together in locations across the country.”

Graphical map of US with all the townhall locations

“I thank the participants for taking the time to engage in meaningful, personal conversations with us and the staff who put in the hard work to put these roundtables together in locations across the country.”
– Chairman Jay Clayton

SEC officials and staff received helpful feedback from roundtable participants who noted the difficulty investors often have knowing the differences between investment advisers and broker-dealers. Main Street investors also discussed the SEC’s recently-proposed relationship summary (Form CRS) that would describe an investor’s relationship with their financial professional and that would highlight key differences between broker-dealers and investment advisers, including the principal services offered, fees, and certain conflicts of interests.

Denver roundtable

Denver Town hall with Chairman talking to guest

Denver Town hall and guests

Want to share your views? The SEC encourages investors to share their thoughts on the SEC’s mobile-friendly “Tell Us” page . Public comments on the proposed Relationship Summary are due by Aug 7.