Analysis

As SEC's Reg BI Deadline Looms, Firms Face A 'Very Big Lift'

Law360 (June 5, 2020, 7:17 PM EDT) -- With the compliance deadline for the U.S. Securities and Exchange Commission's Regulation Best Interest fast approaching on June 30, broker-dealers and those who advise them are gearing up for a slew of new requirements that attorneys acknowledge will be a "very big lift."

The new SEC rule aims to tighten the rules of conduct for broker-dealers who make recommendations to retail customers, creating a "best interest" standard that brings them in line with those of traditional investment advisers.

While some aspects of Reg BI set a higher standard for existing procedures, it's the regulation's disclosure requirements that pose the biggest headache as day one...

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!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!