FINRA Keeps Focus on Reg BI in 2023 Exam Report
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.
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