The SEC’s new Regulation Best Interest imposes additional recordkeeping requirements on broker-dealers. These additional recordkeeping requirements will need to capture all information collected from and provided to retail customers in connection with Regulation Best Interest, and broker-dealers may need to build new or modify existing recordkeeping systems to capture all the required information.

In this Bottom Line videocast, Eric Arnold and Ben Marzouk discuss:

  • the SEC’s new Regulation Best Interest recordkeeping requirements and related retention periods
  • how firms can leverage their existing records to satisfy the new requirements
  • what new records firms will need to capture in order to comply with Regulation Best Interest

Click here to view the video.