Regulation Best Interest: An Overview of the Requirements The SEC has issued its final Regulation Best Interest (Reg BI), Form CRS Regulation, RIA Interpretation and Solely Incidental Interpretation. I am discussing the SEC’s guidance in a series of articles entitled “Best Interest Standard of Care for Advisors.” ______________________________________________________________________ The SEC’s
Regulation Best Interest: The Focus on Costs (Part 2) The SEC has issued its final Regulation Best Interest (Reg BI), Form CRS Regulation, RIA Interpretation and Solely Incidental Interpretation. I am discussing the SEC’s guidance in a series of articles entitled “Best Interest Standard of Care for Advisors.” ______________________________________________________________________ The
The SEC has issued a four-part rules package for broker-dealers and investment advisers that includes the new Form CRS Regulation. The regulation requires broker-dealers and investment advisers to give short disclosure documents to all customers and potential customers beginning June 30, 2020. The rule also requires that the new disclosure document provide
Many articles have been written about the SEC’s new Regulation Best Interest for broker-dealers. Most were technical and compliance oriented. This one is different. It is written from the perspective of individual investors and how the rules will affect them.
Now that I have completed 100 articles about interesting Angles on birth –and death–of the DOL’s Fiduciary Rule, and the birth of an SEC best interest standard for broker-dealers and RIAs, I am going to start on a new series. The new series, rather than being titled “Angles,” will be
Investment Advisers and the SEC’s Interpretation of Their Duties: Part II This is my 100th article about interesting observations—or “angles”—concerning the Department of Labor’s Fiduciary Rule and the SEC’s “best interest” proposals. Part I of this post discussed the application of the SEC’s best interest standard to recommendations to participants
Investment Advisers and the SEC’s Interpretation of Their Duties: Part I This is my 99th article about interesting observations concerning the Department of Labor’s (DOL) Fiduciary Rule and the SEC’s “best interest” proposals. The SEC labeled its interpretation of the standard of care for RIAs (the “RIA Interpretation”) as a
Regulation Best Interest: Consideration of Cost and Compensation This is my 98th article about interesting observations concerning the Department of Labor’s fiduciary rule and the SEC’s “best interest” proposals. The SEC’s Regulation Best Interest (Reg BI) proposes a number of major changes to the governance of broker-dealers. For example, it
Regulation Best Interest Recommendations by Broker-Dealers: Part 2 This is my 96th article about interesting observations concerning the Department of Labor’s (DOL) fiduciary rule and the SEC’s “best interest” proposals. In my last post, I compared the proposed best interest standard of care for broker-dealers—the SEC’s Regulation Best Interest (“Reg
Regulation Best Interest Recommendations by Broker-Dealers: Part 1 This is my 95th article about interesting observations concerning the Department of Labor’s (DOL) fiduciary rule and exemptions and the SEC’s “best interest” proposals. By now, you probably know that both the SEC’s proposed Regulation Best Interest (“Reg BI”) for broker-dealers and
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