06.30.22

Gensler: SEC Working on Bulletins to Illuminate Aspects of Reg BI

by: Mark Schoeff

The U.S. Securities and Exchange Commission is drafting more guidance to help financial advisors better understand Regulation Best Interest and to ensure it delivers on its investor protection promises, Chair Gary Gensler said in an interview. “Staff is also going to take up, I’d anticipate, three other areas that are at the core of the regulations,” Gensler said. “It’s around conflicts, around consideration of reasonably available alternatives and around costs."

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