SEC to CFP Board: No Action Letter Means Brokers, Advisors Can Share Information

According to Financial Planning, the SEC’s recent “no action” letter to the CFP board states that commission will not bring enforcement actions against broker dealers or RIA’s that share non-public personal customer information with the CFP Board.  Previously, broker-dealers and RIA’s cited regulation S-P as preventing them from sharing information with the CFP board regarding customer complaints.

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