Reg-Bi and the Future of Compliant Investor Recommendations
Broker-dealers have known about the pending Reg BI deadline since June 2019. While the Coronavirus pandemic and pending Reg BI lawsuits have created speed bumps, the main question remains: How can broker-dealers demonstrate they are acting in the best interest of retail clients when making investment recommendations?
During this webinar hosted by InvestorCOM on June 23, partner Pete Tepley joined industry experts from Morningstar and InvestorCOM to discuss:
- Regulatory and legal implications of Reg BI and the Care Obligation on broker-dealers and associated persons
- Options for illustrating that ‘Reasonably Available Alternatives’ have been considered when making investment recommendations
- Best practices around disclosure and record keeping when making recommendations in a remote-work environment