On June 5, the U.S. Securities and Exchange Commission (SEC)\u00a0approved its highly anticipated package of rulemakings and interpretive guidance relating to the standards of care applicable to financial professionals when making recommendations and providing investment advice to retail investors.<\/p>\n
Included in this package was the SEC\u2019s new Regulation Best Interest, which will likely require transformative changes for much of the retail brokerage industry.<\/p>\n
With an effective date of June 30, 2020, what concrete steps should broker-dealers consider taking as they work toward compliance by the deadline?<\/p>\n
Read more here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" On June 5, the U.S. Securities and Exchange Commission (SEC)\u00a0approved its highly anticipated package of rulemakings and interpretive guidance relating to the standards of care applicable to financial professionals when making recommendations and providing investment advice to retail investors. Included in this package was the SEC\u2019s new Regulation Best Interest, which will likely require transformative … Continue reading SEC Regulation Best Interest: Five concrete steps for compliance<\/span>