Tag: standards

The Commission resolved a long simmering issue by a 3-1 vote, adopting Regulation Best Interest which details the standard applicable when a broker-dealer or registered representative makes a recommendation to a retail customer. While the regulation was proposed in April …

SEC Regulation Best Interest for Brokers is Adopted Read More »

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The D.C. Circuit vacated another Commission determination last week. Again, the order was not based on the merits. Again, it was based on the failure of the agency to comply with procedural requirement. Earlier this year the Circuit Court vacated …

SEC Order Vacated For Failing To Consistently Apply Its Rule Read More »

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