Episode Details
Back to EpisodesRegulation Best Interest: Implementing a New Standard of Conduct
Description
As of June 30, 2020, the U.S. Securities and Exchange Commission’s Regulation Best Interest—or Reg BI—is officially in effect. That means brokerage firms now have to comply with a new standard of conduct when working with retail clients.
On this episode we talk to Meredith Cordisco and Jim Wrona of FINRA’s Office of General Counsel about what a post implementation date world looks like for FINRA member firms and what FINRA has been doing to train staff to ensure a consistent approach to examining around and enforcing the new rule across the organization.
And listen to the end for a special surprise from Jim.
Resources mentioned in this episode:
Virtual Conference Panel: Reg BI and Form CRS: Where Are We Now
Virtual Conference Panel: Reg BI: Compliance Inspections and Examinations
Email questions: IABDquestions@sec.gov
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