SEC, Finra officials: Don’t just go through motions on Reg BI compliance
Regulators said brokerages should not only tell reps what Reg BI says but provide examples of how to meet its requirements.
Financial firms that are failing to comply with the broker standard of conduct aren’t aligning their internal controls to meet its requirements, securities regulators said Wednesday.
Now that Regulation Best Interest has been in force for more than a year, examiners have had a chance to assess
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