Recently, the U.S. Securities and Exchange Commission’s (“SEC”) Office of Compliance Inspections and Examinations (“OCIE”) issued a Risk Alert to provide broker-dealers with guidance on examinations regarding regulation Best Interest (“Reg BI”). Reg BI requires that when broker-dealers make a recommendation regarding securities to a retail customer it must act in the best interest of the customer, without placing its own financial or other interest ahead of the retail customer’s interest. The Financial Industry Regulatory Authority (“FINRA”) also ...
Blog Editors
Recent Updates
- U.S. Judicial Conference Aims to Curb "Judge Shopping": New Guidance Promoting Random Civil Case Assignments
- Insignificant Harm Not So Insignificant in Proving Title VII Transfer Violation - SCOTUS Today
- Today’s Argument Was More Consequential Than Issued Opinions - SCOTUS Today
- Supreme Court Underscores Limited Applicability of Rule 10b-5(b) Omissions Claims
- Unanimity Among Justices Rules the Day - SCOTUS Today