In July, millions of American investors received a new government-mandated form from their financial planners that required advisers to disclose past misdeeds. But hundreds of the firms didn’t tell the full truth, a Wall Street Journal analysis has found. The Securities and Exchange Commission finalized the form last year at a maximum of four pages. The aim was to provide ordinary investors with a simple way of evaluating financial advisers by asking and answering a handful of basic questions about matters including fees,...

Source: Wall Street Journal August 29, 2020 11:03 UTC