Tag: Regulation BI

Regulation BI
Brokers Compliance

Regulation Best Interest (Regulation BI) Compliance Due June 30, 2020

Compliance with Regulation Best Interest (Regulation BI) and Form CRS is due on June 30, 2020 for all registered broker-dealers and investment advisers. See Introduction to Regulation Best Interest Regulation Best Interest at seclaw.com/glossary/finra/” data-gt-translate-attributes='[{“attribute”:”data-cmtooltip”, “format”:”html”}]’>FINRA Regulation Best Interest (BI) information at the SEC website

Regulation BI
Brokers Compliance

Introduction to Regulation Best Interest

SEC Regulation Best Interest In June of 2019 the SEC approved Regulation Best Interest, which requires broker-dealers to act in the best interest of their retail customers when making recommendations as to securities or investment strategies. In adopting the regulation, the SEC stated that the regulation “enhances the broker-dealer standard […]