Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that, in its newly released draft strategic plan for 2022-2026, the SEC has indicated that the enforcement of Regulation Best Interest’s requirement that brokers act in their clients’ best interests when making an investment recommendation will be a priority going forward. Combined with the private arbitration cases that have been filed related to Reg BI, such enforcement in the years ahead would demonstrate the consequences of running afoul of Reg BI for broker-dealers and their representatives.
Also in industry news this week:
How enforcement of FINRA Rule 4111 could further the decline in the number of broker-dealers and registered representatives A study suggests that some fund companies are misleading investors by changing their benchmark indices to make their performance look better
From there, we have