Industry Digs In as Reg BI, Advice-Standards Package Arrives
ThinkAdvisorJune 27, 2019
Page turning was in full swing on June 5 as the Securities and Exchange Commission rubber-stamped Regulation Best Interest for brokers and the agency’s advice-standards package — which combined totaled around 1,000 pages.
The final Reg BI came in at approximately 771 pages, taking up the bulk of the four-pronged plan. Industry officials contacted said they were, naturally, still combing through the package, but nonetheless had some initial thoughts to share.
