The Securities and Exchange Commission (SEC) voted 3-1 last month to put in place new standards for broker-dealers and investment advisers. Brokers will have until June 30, 2020, to comply with the centerpiece of the package — “Regulation Best Interest.” What does the reform package include? The primary piece of the reform package is Regulation Best Interest (or Reg BI), which SEC chairman Jay Clayton …
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source https://thebtrader.com/2019/07/16/brokers-have-1-year-to-comply-with-regulation-best-interest/?utm_source=rss&utm_medium=rss&utm_campaign=brokers-have-1-year-to-comply-with-regulation-best-interest
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