Reg BI to Be Folded Into Regular SEC Exams
October 13, 2021 by Melanie Waddell
The Securities and Exchange Commission will be incorporating compliance with Regulation Best Interest into its regular exams, John Polise, associate director of the SEC’s Broker-Dealer and Exchange Oversight, said Tuesday.
After completing Phase 1 and 2 of Reg BI exams, the “good news is there’s not going to be a Phase 3,” Polise said during the Practising Law Institute’s SEC Speaks event.
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Originally Posted at ThinkAdvisor on October 12, 2021 by Melanie Waddell.
Categories: Industry Articles