Cato Podcast

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.
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