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.
Tag: Form CRS
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.