SEC Warns Advisors on Rollovers Under Reg BI
By Melanie WaddellAdvisors must consider costs, investment options and other account features before recommending a rollover, regulators say in new guidance.
March 11, 2022
FINRA's Top 5 Fine Categories in 2021Fines in 2021 saw a "dramatic bump," driven by a record-setting fine.
February 11, 2022
6 Top Reg BI Compliance Failures: FINRAIn the first full year of exams on Regulation Best Interest, here's where BDs fell short.
January 21, 2022
8 Top FINRA Priorities for 2022"A lot of exciting initiatives" are afoot at FINRA, says its CEO, Robert Cook.
January 06, 2022
Expect Reg BI Enforcement Actions, DOL Rollover Crackdown in 2022Susan Schroeder, Phyllis Borzi and others discuss big developments afoot at the SEC and Labor Department.
November 23, 2021
2021 News of the YearWe review the major developments affecting financial advisors — from Wall Street to Washington — over the past 12 months.
November 11, 2021
With Reg BI, 'Think Broadly' About Recommendations: SEC's LeeThe commissioner warned BDs to consider how Reg BI could affect their communications, tech use and even account opening practices.
November 05, 2021
Reg BI Report Zooms in on BDs' Lack of ComplianceA NASAA report finds 65% of firms aren't discussing lower-cost or lower-risk products with clients when recommending these product types.