JD Supra

Navigating the "Good Faith Effort" Standard for Reg BI and Form CRS Implementation

Firms must demonstrate a “good faith effort” to comply. Last month, SEC Chairman Clayton issued a public statement communicating that firms should not expect a delay of the June 30, 2020 compliance ...
InvestmentNews

Finra fines 5 brokerages $185,000 for Reg BI, Form CRS violations

The actions illustrate Finra’s continuing crackdown on compliance shortcomings related to the conduct standard that was implemented in June 2020. By Mark Schoeff Jr. Finra imposed $185,000 in ...
JD Supra

Deadline for Reg BI and Form CRS Compliance Remains on Track

Our Financial Services & Products Group reports on the Securities and Exchange Commission’s decision not to grant an extension for complying with Regulation Best Interest and Form CRS despite the ...
Financial Advisor

SEC Examination Risk Update: Regulation BI And Form CRS

Particularly for broker-dealer firms and investment advisors, the SEC examination program is the leading edge of enforcement activity. Today’s examination imperatives fuel tomorrow’s enforcement ...
InvestmentNews

Firms, regulators, plaintiffs' bar set to determine whether Reg BI protects investors

One of the first major actions Securities and Exchange Commission Chairman Jay Clayton took after assuming his post in 2017 was to release on June 1, 2017, a request for comment on conduct standards ...