SEC To Vote June 5 On Regulation Best Interest

May 29, 2019 by Cassie Miller

The Securities and Exchange Commission scheduled a June 5 vote on its Regulation Best Interest rulemaking package.

The vote will include four items: Regulation Best Interest – Standard of Conduct for Broker-Dealers, Form CRS, Standard of Conduct for Investment Advisers and an item not included in the three-part rulemaking package called Interpretation of “Solely Incidental.”

The description listed in the meeting agenda for Interpretation of “Solely Incidental” reads:

“The Commission will consider whether to publish a Commission interpretation of the solely incidental prong of section 202(a)(11)(C) of the Investment Advisers Act of 1940.”

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Originally Posted at Advisor News on May 24, 2019 by Cassie Miller.