
How Thoughts About the SEC’s Regulation Best Interest Have Evolved
SEC Charges 27 Firms for Failing to File and Deliver Form CRS
All firms involved have agreed to settle the allegations that they missed regulatory deadlines for the customer relationship summaries.
SEC Chair Clayton Confirms Plan to Step Down at Year’s End
Jay Clayton’s stint at the helm of the Securities and Exchange Commission included oversight of the Regulation Best Interest finalization and implementation process, among other important projects.
What the SEC Thinks of Reg BI Compliance So Far
Staff members of the Securities and Exchange Commission share some words of wisdom for advisers and broker/dealers newly subject to the Regulation Best Interest framework.

Client Relationship Summary
Form CRS Solutions Coming Online Ahead of Reg BI
One critical component of the Regulation Best Interest is the customer relationship summary form, or “Form CRS,” which provides new and existing clients with detailed information about a firm’s products, fees, conflicts of interest, disciplinary history and more.

New Obligation to the SEC
Can Dual-Registered Firms Provide More Than One SEC Form CRS?
The SEC tackles this question and others in a new FAQ publication about the Regulation Best Interest rulemaking package, as does Morningstar in a new paper that examines the regulation’s impact on specific business models.
FINRA Pledges Resources to Support Members’ SEC Reg BI Compliance
The self-regulatory organization says it will help members implement the SEC's sweeping new conflict of interest disclosure rules.
An Important Point About Form CRS and SEC’s Reg BI
Under the SEC’s final regulations, Form CRS requires less prescribed wording relative to the proposed version, meaning firms may generally use their own wording to address required topics and will have more flexibility to provide information to investors.
Reg BI Could Make It Easier for B/Ds to Compete With Retirement Plan Advisers
Experts say the new SEC rules could allow brokers to encroach into the traditional territory of advisers without having to meet the same fiduciary standard of care.
SEC Votes in Approval of Final Regulation Best Interest, Form CRS
The regulator is taking a disclosure-based approach
SEC Investor Advisory Committee Calls for Stronger Best Interest Regulations
The committee says the SEC should explicitly explain that Regulation Best Interest is a fiduciary duty shared equally by advisers and broker/dealer to act in their customers’ best interest.