Regulatory Alerts2018-05-09 | 2018-08582Added
Regulation Best Interest
The Securities and Exchange Commission proposes Regulation Best Interest to establish a new standard of conduct for broker-dealers and their associated persons when making recommendations to retail customers. This rule requires that such recommendations be made in the best interest of the customer without placing the financial interests of the broker-dealer ahead of the customer's interests. Compliance necessitates fulfilling specific disclosure, care, and conflict of interest obligations to enhance investor protection while preserving access to transaction-based brokerage services.
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