3 Ways New Regulations Are Choking BDs

June 1, 2021 by Jon Henschen

The next few years will be all about regulation as broker-dealers figure out the proper balance of Regulation Best Interest’s disclosure, tracking and recordkeeping. Advisors at some broker-dealers tell us the new disclosures required to satisfy regulators have become suffocatingly unacceptable, though not much has changed at other firms.

The future balancing act for most broker-dealers, though, will be implementing enough disclosures and recordkeeping to avoid fines but not so much that their advisors find the paperwork and related requirements oppressively long and complex.

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Originally Posted at ThinkAdvisor on May 26, 2021 by Jon Henschen.