Analysis

Burning Questions Arise About SEC’s Best Interest Standard

Law360 (April 19, 2018, 9:01 PM EDT) -- Less than a day after the U.S. Securities and Exchange Commission released its plans to hold broker-dealers to a higher standard of care when advising retail clients, lawyers and consumer advocates began raising flags about parts of the mammoth proposal, signaling the agency still has much to do before it can finalize the long-awaited new rules.

These experts cracked the roughly 1,000 pages of proposals as soon as they were made public Wednesday night, following a split and somewhat contentious commission vote on releasing them. Several said...
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