Financial Advisors Unload on SEC ‘Best Interest’ Rule

April 30, 2018 by John Hilton

The Securities and Exchange Commission is under fire from the advisory community for its “Regulation Best Interest” rule designed to rein in broker-dealers.

Tentatively approved April 18, the rule is seen as a middle ground of sorts between full fiduciary status and the lighter suitability standard that brokers operate under now. In fact, some analysts termed the new regulation “suitability plus.”

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Originally Posted at InsuranceNewsNet on April 30, 2018 by John Hilton.