As of June 30, 2020, the U.S. Securities and Exchange Commission’s Regulation Best Interest—or Reg BI—is officially in effect. That means brokerage firms now have to comply with a new standard of conduct when working with retail clients.
On this episode we talk to Meredith Cordisco and Jim Wrona of FINRA’s Office of General Counsel about what a post implementation date world looks like for FINRA member firms and what FINRA has been doing to train staff to ensure a consistent approach to examining around and enforcing the new rule across the organization.
And listen to the end for a special surprise from Jim.
Resources mentioned in this episode:
Virtual Conference Panel: Reg BI and Form CRS: Where Are We Now
Virtual Conference Panel: Reg BI: Compliance Inspections and Examinations
Email questions: IABDquestions@sec.gov
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