Reg BI Will Be Defined Case by Case, Cetera's Chief Legal Officer Says: SEC Roundup
By Nick Morgan and Tom ZaccaroThe SEC "intends to enforce Reg BI however they define it," says Lisa Gok.
July 18, 2022
Reg BI Makes FINRA's Top Customer Arb List, a FirstThough Reg BI was implemented two years ago, "it takes a while for cases to bubble up."
July 12, 2022
SEC Needs Budget Boost to Enforce Reg BI: IRI to SenatorsThe SEC is seeking an 8% increase in its budget for fiscal year 2023, part of which will go toward oversight of Reg BI compliance.
July 07, 2022
SEC's First Reg BI Action Singles Out Individual AdvisorsUntil recently, how the commission would interpret and enforce the new rules was largely unknown.
June 30, 2022
Expect 'Deeper Dive' Reg BI Exams in 2022: FINRA ExecFirms can expect that FINRA will "be doing deeper dives with respect to the standard of care obligation."
June 27, 2022
Ron Rhoades Makes 5 Predictions for the Future of AdviceAmong them: Flat fees will gain ground, and RIAs will expand the annuity market.
June 27, 2022
5 Rules the SEC Plans to Review This YearThe SEC's annual "Reg Flex" agenda is notable for what is not on it, Ron Rhoades says.
June 16, 2022
In First Reg BI Action, SEC Hits BD Over Sales of Risky Bonds to RetireesConsumer advocate Micah Hauptman says he's glad to see the rule enforced "in a way that should send a strong message."