What is the SEC Regulation Best Interest? It does this by understanding potential risks, rewards, and costs of the recommendation and having a reasonable basis for believing that the transaction is in the customer’s best interest. [2] See Regulation Best Interest, US Securities and Exchange Commission (Sep. 23, 2019), https://www.sec.gov/info/smallbus/secg/regulation-best-interest (“SEC Reg BI Summary”). [3] See Regulation Best Interest: The Broker-Dealer Standard of Conduct, Securities and Exchange Commission (n.d.), https://www.sec.gov/rules/final/2019/34-86031.pdf. [7] MSRB Harmonizes Rules with Requirements of Regulation Best Interest, Municipal Securities Rulemaking Board (Jun.

Source: Forbes August 02, 2022 02:50 UTC