New rule includes a heightened standard for broker-dealers, new required disclosures for investment advisers and broker-dealers and other guidance -
On June 5, 2019, by a vote of 3-1, the SEC adopted Regulation Best Interest (Regulation BI), using its rule-making authority under the Securities Exchange Act of 1934. Regulation BI closely emulates the proposed rules, published on April 18, 2018.
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