[R2021]

Hello,

I am not sure if this is the correct forum for my question. If not, please direct me to the correct area. My question is regarding any compliance requirements regarding modifying fee structures in the wealth industry. Can someone point me in the correct direction regarding clarifying if there are compliance requirements for modifying fee structures?

Thank you,
Roger

Topic

[rcooper]

Thanks for your question. Unfortunately, we generally deal with tpyical bank products (deposits and loans) and their related compliance requirements and not with investment products. If your accounts meet the definition of “account” under CFPB’s Regulation DD then those requirements would apply. You might find some info looking at banking regulators’ handbooks related to asset management/investment guidance, the SEC might have guidance, and there could be state law requirements. I wish I could help you further.

[Author]

Replies