Patchwork Of Broker Conduct Regs Complicates Compliance

Law360 (July 12, 2019, 3:19 PM EDT) -- Last month, the U.S. Securities and Exchange Commission adopted Regulation Best Interest, which establishes a new standard of conduct that broker-dealers must observe when they provide investment advice to retail investors.[1] Regulation Best Interest requires broker-dealers to act in their customers' best interests when recommending investment strategies or securities transactions to their retail customers.

The ethos of the new regulation rests on the principle that a broker-dealer may not put her own financial interests ahead of a retail customer's when making a recommendation. Under the rule, broker-dealers are required to provide retail investors with certain information about the nature of their...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!