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Regulation Best Interest

Regulation Best Interest or Reg BI

FINRA addresses question of Reg BI 'material change'
Guidance addresses when a retail customer is judged to have "used" a recommendation
More on recommendations and also on making disclosures in Spanish
Digital advisors and broker-dealers sprung up as a way to simplify the lives of ordinary investors. Now those companies that famously disrupted the financial services ...
The prohibition would not extend to a B-D that is also a state-registered investment adviser
The Commission did not expressly prohibit the use of these names and titles by broker-dealers
Sideletter
Broker-dealers and dual registrants hoping to get right with the pending Reg BI deadline should put together a “conflicts inventory” and focus training on the ...
SRO reviewed B-Ds ongoing efforts and challenges with Reg BI
The SRO will take the same approach outlined in the Commission's two risk alerts
SEC regulators will examine for “good faith” efforts to comply with the Commission’s new Reg BI rule, OCIE says in a new risk alert. Chairman ...
After the compliance date, OCIE staff intends to engage in examinations to assess broker-dealers’ implementation and operational effectiveness of Regulation Best Interest
Clayton mentioned upcoming OCIE risk alerts related to examining for these new regulatory responsibilities
Jay Clayton
We believe that the June 30, 2020 compliance date for Reg BI and other requirements, including the requirement to file and begin delivering Form CRS, ...
Has your CCO changed in the last year?
Eight new FAQs cover six core areas
Adjusting or building upon current systems of supervision/compliance an option
These SEC FAQs can help you prepare for Reg BI
Reg BI arrives June 30: “The court knows what the timeline is. It’s up to the court”
Driscoll: The risk alert will be designed to “help firms prepare for potential exams”
Questions that could be asked on exams included
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