EPISODE · Jul 7, 2020 · 31 MIN
Regulation Best Interest: Implementing a New Standard of Conduct
from FINRA Unscripted · host FINRA
As of June 30, 2020, the U.S. Securities and Exchange Commission’s Regulation Best Interest—or Reg BI—is officially in effect. That means brokerage firms now have to comply with a new standard of conduct when working with retail clients.On this episode we talk to Meredith Cordisco and Jim Wrona of FINRA’s Office of General Counsel about what a post implementation date world looks like for FINRA member firms and what FINRA has been doing to train staff to ensure a consistent approach to examining around and enforcing the new rule across the organization.And listen to the end for a special surprise from Jim. Resources mentioned in this episode:SEC Reg BI Resource PageFINRA Reg BI Resource PageVirtual Conference Panel: Reg BI and Form CRS: Where Are We NowVirtual Conference Panel: Reg BI: Compliance Inspections and ExaminationsEmail questions: [email protected] Find us: LinkedIn / X / YouTube / Facebook / Instagram / E-mailSubscribe to our show on Apple Podcasts, Google Play and by RSS.
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What this episode covers
As of June 30, 2020, the U.S. Securities and Exchange Commission’s Regulation Best Interest—or Reg BI—is officially in effect. What does a post implementation-date world look like? And how is FINRA working to ensure a consistent approach to examining around and enforcing the new regulation? Tune in to learn more.
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Regulation Best Interest: Implementing a New Standard of Conduct
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