Regulatory Alerts2023-01-27 | 2022-27644Added
Regulation Best Execution
The Securities and Exchange Commission proposes Regulation Best Execution to establish a comprehensive federal framework for broker-dealers' duty of best execution. The rule requires all broker-dealers to implement detailed policies and procedures for order handling, with heightened requirements for transactions involving conflicts of interest with retail customers. Additionally, the proposal mandates quarterly reviews of execution quality and an annual report to the board of directors to ensure consistent compliance and documentation.
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