As the June 30 deadline approaches, the SEC has yet to provide an extension to Regulation Best Interest as part of their response to the COVID-19 crisis. Firms must be ready to comply even as they deal with trying to conduct business as usual in a climate of flux and uncertainty.
Join Paul Murdoch and Gus Macedo from MCG Consulting on for an on-demand webinar providing practical guidance on what broker dealers and investment advisors need to know right now about Reg BI, including:
- An overview of the rule
- Insight on industry readiness for the June 30 deadline
- Guidance on compiling and distributing Form CRS
Reg BI clarifies required standards of conduct for broker-dealers when advising retail customers. As part of the new rules, broker-dealers will need to provide a brief relationship summary, Form CRS, to retail investors. To learn about the basics of Reg BI and Form CRS and the implications for broker-dealers and investment advisers, including:
- The standard of conduct for investment advisers
- Form CRS relationship summary
- An interpretation of the "solely incidental" prong of the broker-dealer exclusion under the Advisers Act
Watch our on-demand webinar featuring Carl Seiler, JD, Managing Director of Blue River Partners.
For more information on the implications of Reg BI read An Overview of Regulation Best Interest and The Four Core Components of Regulation Best Interest.
And if you're looking for compliance solutions to help your organization manage conflicts of interest, learn more about how MyComplianceOffice can help. If you're ready to talk with us, let us know and one of our experts will be in touch.