WHAT IS A FORM CRS? AN OVERVIEW 

In June 2019, the SEC adopted requirements (SEC Release 34-86032) for registered investment advisers, broker-dealers, and dual-registrants that do business with retail investors to file Form CRS (customer relationship summary). Form CRS is intended to inform retail investors about:

• The types of client/customer relationships and services the firm offers;
• Fees, costs, conflicts of interest, and required standard of conduct associated with those relationships and services;
• Whether the firm and its financial professionals currently have reportable legal or disciplinary history;
• How to obtain additional information about the firm.

Form CRS applies to registered investment advisers, broker-dealers, and dual registrants that do business with retail investors. See page 189 of SEC Release 34-86032 for the definition specific to Form CRS and more information.

-Overview of Form CRS provided by RegEd. To read the full overview, click here.