Best Interest Regulation

5 Ways The SEC Says "Screw You" to Investors with Regulation Best Interest

5 Ways The SEC Says "Screw You" to Investors with Regulation Best Interest

The recent approval of the SEC’s Regulation Best Interest (Reg BI) has killed any hope that financial advisers at Broker/Dealers would finally be required to be fiduciaries for their clients. The SEC went out of its way to create a regulation that would confuse consumers into thinking they have legal protections, when they don’t.