Articles Posted in Reg BI

SEC BRINGS FIRST CHARGES FOR VIOLATION OF REGULATION BEST INTEREST
Herskovits, PLLC

In April 2018, the SEC proposed a new regulation that would govern the standard of conduct that applies when broker-dealers make recommendations to retail customers. Specifically, the proposal sought to established an express best interest obligation that would require all broker-dealers and associated persons to act in the best interests of their retail customers at…

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