SEC Issues New Reg BI Guidance
April 25, 2023 by Melanie Waddell
The Securities and Exchange Commission released guidance Thursday for advisors and brokers on meeting their care obligations when providing investment advice and recommendations to retail investors.
In its new guidance, released in Q&A form, SEC staff focuses primarily on the Care Obligation of Regulation Best Interest for broker-dealers and the duty of care enforced under the Investment Advisers Act of 1940 for investment advisors.
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Originally Posted at ThinkAdvisor on April 20, 2023 by Melanie Waddell.
Categories: Industry Articles