Brian J. Baltz

Feb 3, 2023 | jdsupra.com | John Ayanian |Brian J. Baltz |Emily Gordy

On Jan. 30, 2023, the Securities and Exchange Commission’s Division of Examinations (Division) released a Risk Alert, “Observations from Broker-Dealer Examinations Related to Regulation Best Interest,” in which the Division discussed perceived weaknesses in broker-dealers’ compliance with the disclosure, care, conflicts of interest and compliance obligations of Regulation Best Interest (“Reg BI”).

Feb 2, 2023 | lexblog.com | Brian J. Baltz |John Ayanian |Cheryl Haas |Emily Gordy

On Jan. 30, the U.S. Securities and Exchange Commission’s Division of Examinations released a Risk Alert identifying perceived weaknesses in broker-dealers’ compliance with the disclosure, care, conflicts of interest and compliance obligations of Regulation Best Interest. Read on for highlights from the alert and how they reflect the SEC’s evolving expectations during examinations