

Will Your Financial Advisor Soon Have to Snitch on You?
May 2, 2024
Financial expert Jennifer Schulp discusses proposed regulations that could require investment advisors to comply with elements of the Bank Secrecy Act, affecting advisor-client relationships. The podcast explores the unique challenges faced by investment advisors, the impact on reporting suspicious activities, the conflict between fiduciary duty and regulatory mandates, and the implications for individual investors and privacy concerns.
Chapters
Transcript
Episode notes
1 2 3 4 5
Introduction
00:00 • 2min
Exploring the Role of Investment Advisors and Regulatory Changes
01:43 • 3min
Exploring the Impact of Bank Secrecy Act on Investment Advisors' Roles
04:35 • 2min
Debate on Financial Advisors Reporting Regulations and Fiduciary Duty
07:03 • 2min
Implications of Regulations on Investment Advisors and Big Banks
09:02 • 3min