The roundtable was previously announced in a statement by the SEC's Staff Standards of Conduct Implementation Committee.
A recent Wall Street Journal analysis took a look at the Securities and Exchange Commission's customer relationship summary, Form CRS, and found that quite a few advisory firms are failing to disclose disciplinary history.
The analysis, Financial Firms Fail to Own Up to Advisers' Past Misdeeds, found that at least 1,300 brokerage and financial advisory firms incorrectly stated on the new document that neither they nor their financial professionals had legal or disciplinary histories, the Journal's analysis showed.
SEC Commissioner Caroline Crenshaw said during her nomination hearing that she views two aspects of Regulation Best Interest compliance as especially critical: ensuring firms are held "accountable when they are not appropriately mitigating conflicts of interest," and that Form CRS actually provides "valuable" information.