Federal Register: SEC Adopts "Retail Best Interest" Rulemaking Package

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The SEC rulemaking package designed to enhance retail investors protections when dealing with broker-dealers and investment advisers
United States Corporate/Commercial Law

The SEC rulemaking package designed to enhance retail investors' protections when dealing with broker-dealers and investment advisers was published in the Federal Register.

The rulemaking package consists of (i) Regulation Best Interest (effective September 10, 2019), (ii) the Form CRS Relationship Summary (effective September 10, 2019), (iii) an interpretation of investment advisers' fiduciary duty (effective July 12, 2019), and (iv) an interpretation of the "solely incidental" prong of the broker-dealer exclusion under the Advisers Act (effective July 12, 2019).

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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