‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSIFMA 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 […]
SEC’s Broker Rule to Require Bias Disclosures; Effect on Pay Practices Unclear – WSJ
Investors will soon learn more about conflicts of interest that can bias investment advice under a regulatory action that is expected to be completed on Wednesday. Less clear is whether it would disrupt how brokers are paid. The Securities and Exchange Commission plans to vote Wednesday on what it calls Regulation Best Interest, which says […]