June 29, 2020
With only a few days left before its compliance date, the U.S. Securities and Exchange Commission's Regulation Best Interest was upheld by a Second Circuit panel unswayed by arguments that the new rule governing standards of conduct for broker-dealers doesn't do enough to protect investors.
January 08, 2020
A challenge to new rules requiring broker-dealers to act in their clients' best interests now has the support of the Dodd-Frank Act's top authors, who joined 10 past and present members of Congress urging the Second Circuit to scrap a rule they say doesn't do enough to protect investors.
September 11, 2019
An organization of investment advisers and one of its members asked a New York federal court to invalidate the U.S. Securities and Exchange Commission's new regulation governing the standards of conduct for brokers, just a day after eight attorneys general did the same.