that is not fair and balanced.5. Rule 206(4)-7 Advisers Act requires investment advisers to adopt and implement written compliance policies and procedures reasonably designed to prevent violations of the Advisers Act.6. See In the Matter of Cadaret, Grant & Co., Inc., Inv. Adv. Act Rel. No. 6647 (Aug. 12, 2024).7. See supra, n. 2.8. See supra, n. 3.9. See supra, n. 5.10. See OCIE’s 2016 Share Class Initiative, (Jul. 13, 2016).11. See Share Class Selection Disclosure Initiative, (May 1, 2018).12. Staff Bulletin: Standards of Conduct for Broker-Dealers and Investment Advisers Conflicts of Interest (Aug. 3, 2022).13. Id.14. See2020 Risk Monitoring and Examination Priorities Letter, FINRA (Jan. 9, 2020).15. Peters v. LPL Financial LLC, Docket No. 3:24-cv-01228 (S.D. Cal. Jul. 17, 2024).16. Reg BI is a federal standard that in simple terms requires broker-dealers to act in the best interests of their retail customers. Regulation Best Interest: The Broker-Dealer Standard of Conduct, SEC Rel No. 34-86031 (June 5, 2019); 84 Fed. Reg. 33318 (Jul. 12, 2019).17. McCrary v. Merrill Lynch, Pierce, Fenner & Smith Inc., Case No. 1:23-cv-10768-AT (S.D.N.Y. Dec. 11, 2023).