Filing Form CRS is mandatory for every broker or dealer registered with the Commission pursuant to section 15 of the Exchange Act that offers services to a retail investor. See 17 CFR 240.17a-14. Intentional misstatements or omissions constitute federal criminal violations (see 18 U.S.C. § 1001 and 15 U.S.C. 78ff(a)).

Broker-dealers registered with the SEC that offer services to retail investors must file and deliver a Form CRS under Rule 17a-14.

Form CRS and its related rules require SEC-registered investment advisers and SEC-registered broker-dealers (together, “firms”) to deliver to retail investors a brief customer or client relationship summary that provides information about the firm.

Registered broker-dealers and registered investment advisers are required to provide a new customer or client relationship summary (also called Form CRS) to retail investors. SEC staff designed this Investor.gov page to help investors better understand how to use the relationship summary when choosing a financial professional.

Form CRS is a client or customer relationship summary. Advisers and brokers are required to deliver a relationship summary to you beginning in summer 2020. The relationship summary contains important information about the adviser or broker.

The Form CRS or Customer Relationship Summary (also referred to as our Client Relationship Summary) is a disclosure that investment advisers and broker-dealers must deliver to Retail Investors at the beginning of their relationship.

Form CRS is a relationship summary disclosure that broker-dealers and SEC-registered investment advisers must provide retail investors.

SEC regulations require clients to have access to an easy-to-read disclosure form regarding the nature of their relationship with the firm, called the Customer Relationship Summary, or Form CRS.

In order to help you, the retail investor, understand the differences between brokers and advisers—including, for example, the services they offer and the fees they charge—SEC rules require them to provide you a “relationship summary.”

2022年2月24日 · Form CRS—short for client or customer relationship summary—is a mandatory written disclosure that broker-dealers and registered investment advisors (RIAs) must provide to clients that discloses key information about the broker-dealer’s background and practices.