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Predicting Regulation Best Interest Enforcement Priorities  (Volume 53, Number 20–November 25, 2020)


Author:  Susan Schroeder.


Source: Volume 53, Number 20, November 15 2020 , pp.239-250(12)




Review of Securities & Commodities Regulation

Abstract: 

Regulation Best Interest (“Regulation BI”) has required broker-dealers to implement substantial changes across their businesses to comply with their new obligations. In this article, the author discusses how the new regulation builds on existing suitability requirements established by FINRA Rule 2111, and how it is likely to be interpreted and applied in light of enforcement experience with FINRA rules.

Keywords: Regulation BI Core Duties: Disclosure; Care; Conflicts of Interest; Compliance; Suitability

Affiliations:  1: WilmerHale.

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