Rumors Build of Imminent Reg BI Release, Here’s What Broker-Dealers Want

May 21, 2019 by Rita Raagas De Ramos

The SEC’s pending Regulation Best Interest was a hot topic at last week’s Finra annual conference, with discussions revolving around when the final rule would be released and how close to the draft proposals the final rule would look.

At a compliance and legal trends session at the conference, Finra chief legal officer Robert Colby noted there are press reports that the SEC’s Reg BI will be released a week after Memorial Day. The reports are unconfirmed and sources at the SEC have declined to comment on the timing of the release of the pending rule.

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Originally Posted at Financial Advisor IQ on May 21, 2019 by Rita Raagas De Ramos.