Regulation Best Interest

NASAA report reveals a mixed bag of exam findings, with progress on Reg BI P&Ps and work to be done on conflict mitigation

NASAA looks to incorporate the core principles from Reg BI and SEC guidance into its conduct model rule

For the second time ever--and the second time in two months--FINRA has expelled a broker-dealer for Reg BI violations, including churning and excessive trading

First ever Reg BI-related expulsion calls out disclosure obligation requirements

In light of recent exams and disciplinary actions, FINRA has identified areas in which broker-dealers' investigations into private placements could be strengthened

These are the second set of FAQs the SEC staff has released related to IA's fiduciary duty and B-D's Reg BI obligations

Polarization seeps into finreg

Firm failed to establish and maintain a supervisory system, including WSPs, to achieve compliance with Reg BI

FINRA identifies findings tied to failures to comply with the Reg BI compliance obligation

SEC's Division of Examinations intends to incorporate performance with Reg BI into retail-focused exams of broker-dealers