How advice standards have converged 3 years into Reg BI
While the SEC is working to put teeth into Regulation Best Interest, questions remain about how it’s working in practice.
The SEC implemented Regulation Best Interest in June 2020 amid a fierce debate about how the new broker-dealer standard of conduct would stack up against fiduciary duty, the standard investment that advisors must meet.
As Reg BI turns three years old, the Securities and Exchange Commission says t
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