News | 01.10.20
FINRA Makes Review of Firms' Reg BI Preparedness Top 2020 Priority
FINRA intends to spend the first part of the year reviewing broker-dealers' preparedness for the SEC's Regulation Best Interest (Reg BI), according to a list of risk monitoring and exam priorities released Thursday. Once Reg BI goes into effect on June 30, FINRA will start examining firms' actual compliance with it and its new customer relationship summary disclosures. The regulator included a checklist of what examiners will be looking for after Reg BI goes into effect.
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