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.