Finra anticipates oversight role for SEC advice rule
May 22, 2018 by Mark Schoeff Jr.
Finra chief executive Robert Cook said the regulator is likely to play a role in oversight of a new broker investment-advice standard that the Securities and Exchange Commission is developing.
Last month, the SEC released an investment-advice proposal package that includes a regulation that would require brokers to act in the best interests of their clients. It is designed to be a step up from the current suitability standard that governs brokers.
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Originally Posted at InvestmentNews on May 21, 2018 by Mark Schoeff Jr..
Categories: Industry Articles