21 min listen
Regulation Best Interest: Implementing a New Standard of Conduct
FromFINRA Unscripted
ratings:
Length:
32 minutes
Released:
Jul 7, 2020
Format:
Podcast episode
Description
As of June 30, 2020, the U.S. Securities and Exchange Commission’s Regulation Best Interest—or Reg BI—is officially in effect. That means brokerage firms now have to comply with a new standard of conduct when working with retail clients.On this episode we talk to Meredith Cordisco and Jim Wrona of FINRA’s Office of General Counsel about what a post implementation date world looks like for FINRA member firms and what FINRA has been doing to train staff to ensure a consistent approach to examining around and enforcing the new rule across the organization.And listen to the end for a special surprise from Jim. Resources mentioned in this episode:SEC Reg BI Resource PageFINRA Reg BI Resource PageVirtual Conference Panel: Reg BI and Form CRS: Where Are We NowVirtual Conference Panel: Reg BI: Compliance Inspections and ExaminationsEmail questions: IABDquestions@sec.gov
Released:
Jul 7, 2020
Format:
Podcast episode
Titles in the series (100)
ERI: Introducing FINRA’s Weatherman: FINRA can’t predict the future, but like a weatherman, it can make predictions based on circumstances that exist today. FINRA’s Office of Emerging Regulatory Issues (ERI) looks to predict what storms may be brewing in the securities market and what areas they are likely to impact. by FINRA Unscripted