January2020

FINLAW: Asking your customer to move their brokerage account MAY violate Regulation Best Interest (“Regulation BI”)

FINRA member Firms are required by June 30, 2020, to comply with Regulation BI. Regulation BI is a rulemaking package that one regulator described as a “once-every-several decades” rule.[1]  Regulation BI mandates four essential obligations which will transform the way retail broker-dealers (“BDs”) do business in the United States.  These[…]