01.31.25

FINRA Details Security Industry's Reg BI Failures

by: Tracey Longo

The Financial Industry Regulatory Authority (FINRA) has released an extensive list of the ways registered representatives and their firms are violating Regulation Best Interest (Reg BI). For instance, firms and reps are failing to conduct “reasonable investigations” into offerings prior to recommending them, and not identifying conflicts nor disclosing, mitigating or eliminating them as required by Reg BI, FINRA said in its annual regulatory oversight report.

Read the full article on Financial Advisor