Regulatory Update
SIFMA recently hosted the Regulation Best Interest Vendor Forum in New York. Dave Ackerman was part of the panel "Documenting Best Interest, Supervision and Surveillance," and shares his 3 top of mind take-aways from the discussions.
While the FINRA "preparedness reviews" will commence starting November, our compliance regulation experts felt that the implication of the statement was likely misunderstood, read here why.
The Monetary Authority of Singapore (MAS) released a consultation paper highlighting new requirements to protect against market abuse and a trade surveillance best practice guide jointly published with the Singapore Exchange (SGX).
I wrote a white paper that summarizes the dramatic changes and new challenges broker-dealers face as a result of the new Regulation Best Interest that was issued recently by the SEC.