The SEC Outsourcing Rule: What Happens When Advisors Fail as Fiduciaries
January 31, 2023 |
The SEC recently proposed a new rule designed to ensure that advisors live up to their fiduciary duties when they outsource. The proposed rule is quite broad in scope. It covers not only outsourcing to TAMPs, but also outsourcing to a range of other service providers. The proposed rule requires ad