Reg BI turns 2, but not everyone is celebrating
Over the years, some have become convinced Reg BI is a significant step up from brokers’ previous suitability standard. Others remain skeptical that it’s tough enough to curb broker conflicts.
After almost two years, there’s no consensus on whether the broker standard of conduct is working, and proponents and skeptics of the measure continue a fervent debate over whether it can deliver on its investor protection promises.
There’s not even agreement on the exact age of Regulat
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