In an article for InvestmentNews, Mark Schoeff Jr. covers the latest developments in the SEC and FINRA’s implementation of Regulation Best Interest (Reg BI). Reg BI was passed in 2019 and implemented ...

Jay Clayton, the chairman of the Securities and Exchange Commission, told broker-dealers in early April that Regulation Best Interest will be implemented on time, even though the Covid-19 crisis has ...

Now that financial firms know that the deadline for implementing the Securities and Exchange Commission’s higher investment-advice standard for brokers remains June 30, they have to figure out what ...

Firms must demonstrate a “good faith effort” to comply. Last month, SEC Chairman Clayton issued a public statement communicating that firms should not expect a delay of the June 30, 2020 compliance ...

While most broker-dealers are making a “good faith effort” to comply with Regulation Best Interest, some firms are not properly implementing the massive new retail investment advice rules designed to ...

The implementation date for Reg. BI and Form CRS remains June 30, 2020. The SEC’s initial compliance review will be focused on “good-faith efforts.” Firms should make good faith efforts to implement ...

Broker/dealer firms subject to Regulation Best Interest have been slow to make compliance reforms since the rule was implemented last year, according to a new survey from the North American Securities ...

BI software – tools, platforms, and applications alike – holds great potential for helping organizations readily access the enterprise information needed to make informed business decisions and, ...

More than half of healthcare organizations have yet to implement business intelligence systems. And with shifts toward pay-for-performance, that could leave their bottom line open to financial hits.

Despite the ongoing spread of COVID-19 in the United States that has forced many firms to implement business continuity plans and work remotely, the SEC is holding fast to June 30 as the ...