SEC’s Broker Conflict Rule on Agency Examiners’ Minds This Year

Jan. 7, 2020, 7:31 PM

Brokers’ compliance with the SEC’s new conflict-of-interest rules is a top priority for the agency’s examiners in the coming months.

The rules, known as Regulation Best Interest, are among the 2020 priorities for the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations, according to a Jan. 7 guide. They are set to become effective June 30.

OCIE staff will look at brokers’ progress on implementing Regulation Best Interest during examinations and answer any questions they may have, the guide said. The examiners then will assess how brokers are obeying the rules after they take hold.

Adopting Regulation ...

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