01.10.23

FINRA Keeps Focus on Reg BI in 2023 Exam Report

by: Bruce Kelly

The Financial Industry Regulatory Authority (FINRA) has issued its annual list of priorities for the next 12 months. In this year’s report, FINRA added a series of questions broker-dealers should be asking about a variety of client transactions and whether or not those meet the standards of Regulation Best Interest. Those questions focus on four areas: reasonable diligence in investment recommendations to clients, heightened scrutiny for high-risk or complex products, recommendations of new accounts for clients and rollovers.

Read the full article on InvestmentNews