Regulatory Alerts2023-12-05 | Regulatory Notice 23-20Added · Updated
FINRA Highlights Available Guidance and Resources Related to Regulation Best Interest
FINRA issued Regulatory Notice 23-20 to highlight existing SEC Staff Bulletins and other resources assisting broker-dealers and investment advisers with Regulation Best Interest compliance. The notice explicitly states that it creates no new legal or regulatory requirements and does not relieve firms of existing obligations under federal securities laws. It directs members to review SEC guidance on account recommendations, conflicts of interest, and care obligations as part of their ongoing compliance efforts.
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