SEC Warns Advisors on Rollovers Under Reg BI
April 5, 2022 by Melanie Waddell
The Securities and Exchange Commission is warning broker-dealers and advisors to use caution when recommending rollovers out of a retirement plan to retail clients so as not to run afoul of their obligations under Regulation Best Interest and the Advisers Act fiduciary standard.
In a just-released guidance bulletin in Q&A form, the SEC reiterates the standards of conduct for broker-dealers and advisors when they are making account recommendations to retail investors.
Click HERE to read the full story via ThinkAdvisor
Originally Posted at ThinkAdvisor on April 4, 2022 by Melanie Waddell.
Categories: Industry Articles