SECURE 2.0: Over-Rated or Game-Changing?
The SECURE 2.0 Act was signed by President Biden on December 29, 2022 as part of the Consolidated Appropriations Act (CAA) of 2023.
With Reg BI comes New Compliance Liability
When it comes to compliance, companies need to tailor their procedures and policies to the specific context in which the firm operates.
New SEC Chairman Is Trying to Undo RegBI Rule, Republicans Say
Gesler became the new SEC chairman only a few months ago, but he’s already, reportedly, going hard on the RegBI Rule and being advised by Capitol Hill Republicans to slow down on environmental, social and governance rules.
New President is in, what’s in store for the SEC and Reg BI?
Ever since the SEC first announced its Regulation Best Interest, many in the financial services industry have been doubtful about its longevity. We saw the DOL rule come and go, and this has really made it seem like new regulation might not last long
RegBIDEN: What’s next for Reg BI in the new administration
With Biden taking office in January, many advisors are wondering what the future of Regulation Best Interest looks like. There’s certainly been plenty of speculation on the subject, so let’s take a look at what could change during the transition.
What’s happening in Reg-BI Compliance Court?
With a Republican administration believing in small Federal government, I think it is safe to say that the SEC may defer to States to oversee and enforce Reg-BI’s new standards. With thousands of affected people in the financial services industry, this may make logistical sense. It means that RIA and BDs may experience different levels of scrutiny, depending on where they work.