Press Release Summary: Quest Continuing Education Solutions (Quest CE) - Brookfield, WI - November 15, 2007 - The Securities and Exchange Commission has voted to adopt a temporary rule that will establish an alternative means for investment advisor who are registered as broker-dealers to meet the requirements of Section 206(3) of the Advisers Act when they act in a principal capacity in transactions with certain advisory clients.
Press Release Body: As a result of the court's decision, fee-based brokerage customers must decide whether they will convert their accounts to fee-based accounts that are subject to the Advisers Act or to commission-based brokerage accounts. The temporary rule is designed to continue to give investors access to many of the securities held by firms providing advisory accounts. Compliance with the temporary rule will not relieve an investment adviser from fiduciary obligations including fulfilling the duty to seek best execution of client transactions, as well s the duty to disclose material facts necessary to alert clients to the adviser's potential conflicts of interest. The temporary rule will expire and no longer be effective on December 31, 2009 For more information on Quest CE, its products, services, or to request a pricing proposal, go to www.questce.com, or call 877.593.3366. About Quest Continuing Education Solutions Over the past 20-plus years, Quest Continuing Education Solutions has built a reputation as being the premier provider of value-added continuing education, (CE), compliance and other solutions to help financial institutions meet industry regulations.
Web Site: http://www.questce.com
Contact Details: Quest Continuing Education Solutions (Quest CE) 13040. W. Lisbon Rd. Suite 600 Brookfield, WI 53005 877-593-3366 info@questce.com
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