SEC Expected to Approve Reg BI in ‘‘the Next Few Months’’ but Final Outcome Remains Uncertain

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The Securities and Exchange Commission has one main goal of setting best interest standards across financial organizations. The SEC is expected to roll out its standards-of-conduct regulation, commonly known as Regulation Best Interest (Reg BI), in the next few months, but there is still some uncertainty over the outcome of the proposal — even from within the Commission.

In this article, Protiviti Managing Director Douglas Wilbert outlines Reg BI and what it means for financial institutions with fiduciary responsibilities.

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