Daily Archives: June 6, 2019, 7:43 am

SIFMA Statement on the SEC’s Final Regulation Best Interest Rule

“As written, the SEC’s Regulation Best Interest rule will impose a materially heightened standard of conduct for broker-dealers when serving retail clients. While principles-based, the rule is specific with respect to the duty and obligations brokers owe to their clients, and what steps they must take to comply, including the obligation to eliminate, or disclose and mitigate, certain conflicts of…

Read More