New SEC Enforcement Chief to Bring Wider Net to the Reg BI Rule
The existing Reg BI rule is not yet a fiduciary standard, but SEC enforcers still refer to it when investigating potential violations in regards to fiduciary activities and relations between clients and advisors.
Reg-BI Podcast 3: Form CRS
In the third installment of the four-part Reg BI Podcast series, Yon Perullo delves into form CRS, which is potentially the most important form of Reg-BI and will effect every...Read More
Reg-BI Podcast 1: Legal Landscape
This is the first installment of a four-part series on Reg BI. Yon Perullo discusses the current legal challenges to Reg-BI and why you shouldn’t rely on the courts to...Read More
Your Reg-BI Briefing – Be Ready. Stay Compliant.
As we all remember, it has been a few years since governmental agencies were working on a new proposal to regulate the financial advisory industry with the best interest of investors in mind.
3 Reasons RIAs Shouldn’t Wait For a Court Ruling on Reg-BI
With less than 3 weeks until the June 30th Regulation Best Interest compliance deadline, are you one of the RIAs holding their breath to see if it will be stopped? The lawsuits don’t intend to stop Reg BI because it is too strict, though. In fact, they believe the opposite - that it doesn’t go far enough. Their main argument is that the SEC’s new rule does not hold brokers to the same fiduciary standard as RIAs and breaks some of the requirements of the Dodd-Frank bill.
Reg-BI Isn’t Delayed Because Of COVID-19
The markets are tumbling and 10 million people filed for unemployment in the last two weeks. But, don’t think for a second that the SEC is rolling back the June...Read More