States Sue SEC in Ongoing Fight Over Reg BI
The political melee surrounding Regulation Best Interest (“Reg BI”) escalated with the filing of a lawsuit against the SEC by several state attorneys general (the “State Plaintiffs”)....more
On September 9, 2019, the states of New York, California, Connecticut, Delaware, Maine, New Mexico and Oregon, and the District of Columbia (collectively, the States) filed a complaint for declaratory and injunctive relief...more