When the Securities and Exchange Commission (SEC) opened the comment period for its proposed Regulation Best Interest Rules this past April, it probably was unaware that it was stirring the proverbial hornets' nest at the nation’s largest advocacy organization for older Americans. After all, under the SEC’s proposed rules, a broker-dealer would be required to act in the best interest of a retail customer when making a recommendation of any securities transaction or investment strategy involving securities to a retail customer. Regulation Best Interest, the SEC said, is intended to make it clear that a broker-dealer may not put its own financial interests ahead of the interests of a retail customer when making recommendations. But the agency’s intentions apparently aren’t all that clear, according to AARP. The SEC’s proposed “best interest advice rule fails consumers with an ill-defined standard and confusing disclosure forms, AARP said in a prepared [...]
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8/10/18 5:37 PM
Dear Valued Customers,
We regret to announce that ProEdTech LLC and all its affiliate brands will cease operations on April 1, 2019.
We are no longer able to fulfill online orders. We will fullfill all DVD and book orders already placed.
Thank you for your business and loyalty over the years. We sincerely apologize for any inconvenience caused.
The ProEdTech Team