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Regulation & Supervision - Coggle Diagram

- - - - people selling stuff are licensed + trained
    - - share all facts
    - - punish illegal behavior +. enforce rules
- - - - if you benefit from client's decision
        
        tell them
        
        about any overlap or problem
        
        fix it
        
        any issue that hurts the client
        
        explain clearly
        
        act in best interest of client
      - process of COI
        
        firms and advisors identify all major conflicts
        
        put the client first when fixing
        
        if cant be fixed - avoid
    - - know clients needs first and then recommend
      - client details
        
        moeny situation
        
        goals
        
        risk level
        
        risk tolerance = how much risk they can take emotionally + risk capacity = how much they can take financially
        
        financial knowledge
        
        personal info
      - kyc updation
        
        client changes jobs or life situation = immediately
        
        no changes for years = review every 36 months
        
        trade is made = recheck kyc
        
        new person assigned to account = recheck kyc
    - - dont sell anything
      - choose whats right for the client
    - - know what youre selling
      - know the risks, benefits, when to not sell
    - - tell client everything they need to know before investing
        
        if and how you get paid
        
        conflicts of interests
        
        any costs or fees