FINRA Releases Reg BI Notice
By Melanie WaddellThe notice points broker-dealers to various SEC resources to help them comply with the best-interest rules.
November 14, 2023
Advisors Selling Annuities, Beware: CFP Standards and NAIC Annuity Sales Rules DifferWhen CFP Board rules are stricter than NAIC rules, CFPs must follow the higher standard of care.
October 03, 2023
Expelled New York BD to Pay $235K for Reg BI ViolationsSW Financial recommended a risky strategy that lost money while reps collected $660,000 in commissions, the SEC said.
September 22, 2023
SEC Hits Wisconsin BD With Reg BI FineThe firm's policies and procedures contained Reg BI language but weren't tailored to its business, the SEC said.
September 12, 2023
10 States Where Annuity Sales Rules Still Look DifferentAny lingering conflicts between the states could help the SEC expand its reach.
September 05, 2023
FINRA Hits Another BD With Reg BI-Related FineNetwork 1 Securities did not establish, maintain and enforce a supervisory system to comply with Reg BI's care obligation.
August 07, 2023
The SEC's New AI Plan Expands Reg BI — and MoreIndustry attorneys say the plan would impose potentially burdensome conflict-of-interest requirements on BDs and advisors.
July 28, 2023
State Lawmaker Group Attacks DOL Fiduciary Rule RevivalCarl Anderson, NCOIL's life chair, said a return of the 2016 rule would hurt state insurance regulation.