The SEC’s new Regulation Best Interest will require broker-dealers to consider whether their existing investment platforms are designed to result in recommendations to retail customers that are in such customers’ best interests.
In this Bottom Line videocast, Cliff Kirsch and Issa Hanna discuss:
- the changes that broker-dealer firms might have to make to their investment platforms in light of SEC Regulation Best Interest
- whether firms can continue to place limits on their investment platforms after the effective date of Regulation Best Interest
- how we expect SEC and FINRA examination and enforcement staff to approach the regulation of investment platforms after SEC Regulation Best Interest becomes effective
Click here to watch the video.