Reg BI Report Zooms in on BDs' Lack of Compliance
By Melanie WaddellA NASAA report finds 65% of firms aren't discussing lower-cost or lower-risk products with clients when recommending these product types.
October 12, 2021
Reg BI to Be Folded Into Regular SEC ExamsThe "good news is there's not going to be a Phase 3" of Reg BI exams, said the SEC's John Polise.
October 06, 2021
SEC Is Stretched Thin, Gensler TestifiesExam division staff has remained relatively flat despite recent growth of more than 20% in the number of RIAs, Gensler said.
October 05, 2021
GOP Lawmaker Questions SEC Chief on Commitment to Reg BIGary Gensler says he fully supports the rule even after appointing staffers like Barbara Roper who oppose it.
September 28, 2021
Reg BI Compliance Requires 'Tailored' Policies and Procedures: SECGive registered reps specific examples of how to accomplish Reg BI's requirements, the SEC's Asset Management director suggests.
September 20, 2021
Kitces' XY Planning Urges SEC to Block Brokers From Offering Financial PlansSuch services are beyond the scope of "solely incidental" advice, says XYPN, which also wants the SEC to tighten rules around advisor titles.
August 26, 2021
Rhoades, Borzi: What to Expect From Consumer Advocate Roper at the SECRon Rhoades, Phyllis Borzi and others in the regulatory world discuss how Roper could shape issues like Reg BI and 12b-1 fees.
August 25, 2021
Barbara Roper Gets Key SEC PostSEC Chairman Gary Gensler has appointed Roper, a prominent investor advocate, as a senior advisor.