SEC drops final Reg BI staff bulletin, covering duty of care
Brokers and investment advisors should thoroughly understand products and clients' financial needs before making recommendations, the SEC said in the bulletin.
Brokers and investment advisors must thoroughly understand products and clients’ financial needs before making recommendations, which includes having a list of alternatives they have considered, the SEC said Thursday.
That information came in a question-and-answer-style staff bulletin on “dut
Learn more about reprints and licensing for this article.