Regulation Best Interest

Questions that could be asked on exams included

Regulators were emphatic: there will be no delay in Reg BI

SEC “staff reminds broker-dealers that the term ‘investment strategy’ ... is to be interpreted broadly”

Regulation Best Interest expressly applies to account recommendations including recommendations of securities account types

OCIE's 2020 exam priorities include "perennial risk areas" along with some new additions

The U.S. House has passed a $1.4 trillion budget that will give SEC Chairman Jay Clayton a free hand to implement Reg BI but that ...

Disclosing conflicts lies at the heart of Reg BI and Form CRS

A “recommendation is always going to be viewed in hindsight, and it’s a very loose term”

SEC Chairman Jay Clayton says there will be no extension on the Commission’s disputed Reg BI standards. “I think people should be ready,” the chairman ...

FINRA Oct. 8 made available resources to assist firms in complying with the SEC’s Regulation Best Interest and Form CRS by the June 30, 2020 ...