State regulators spell out Reg BI priorities amid enforcement surge

September 30, 2020 by Tobias Salinger

Advisors and brokers bracing for examinations under the SEC’s Regulation Best Interest now have tips about what’s going to show up on the test.

State regulators will be checking to see how firms have adjusted their practices with respect to conflicts of interest, sales of complex products and investor profile questionnaires, among other areas, according to Andrea Seidt, chair of a Reg BI implementation committee launched last year by the North American Securities Administrators Association.

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Originally Posted at Financial Planning on September 25, 2020 by Tobias Salinger.