Regulation Best Interest

If you were among those who predicted the SEC’s fiduciary duty rulemaking would prompt a legal action, count yourself correct. Attorneys general from seven states ...

In rule document 2019–12164, appearing on pages 33318 through 33492, in the issue of Friday, July 12, 2019 make the following corrections: 1. On page ...

I want to address a general issue—whether it is appropriate to maintain a regulatory distinction between broker-dealers and investment advisers. A number of commenters expressly ...

Although there are similarities between the two standards that investment advisers and broker-dealers must live under – each must put their client’s interest ahead of ...

The Securities and Exchange Commission (the “Commission”) is adopting a new rule under the Securities Exchange Act of 1934 (“Exchange Act”), establishing a standard of ...

Broker-dealers have one year to ready for the major changes many will have to make to comply with the SEC’s new Reg BI after the ...

The August 7 deadline for comments on the trio of SEC fiduciary duty-related proposals (IA Watch, April 18, 2018) is fast closing in and SEC ...

The word “fiduciary” hangs heavily over any discussion about standards for financial professionals. The word carries a lot of different meanings, and legal context ...

The SEC’s proposed Regulation Best Interest comes in at more than 100 pages (BD Watch, April 19, 2018) but that hasn’t stopped critics from swiftly ...