An In-depth look at the SEC’s Regulation Best Interest
The white paper contains a detailed look into the Securities and Exchange Commission (SEC) adopted Regulation BI, which requires that broker-dealers act in the "best interest" of their "retail customers." The white paper outlines the requirements of the rule, and explanations on what broker-dealers must do to comply. The SEC concurrently adopted a rule requiring each broker-dealer and investment adviser to send its retail clients and file with the SEC a "Client Relationship Summary" providing information about that broker-dealer or adviser.
"The white paper summarizes the dramatic changes and new challenges broker-dealers face as a result of Reg BI"
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