Tag: Regulation Best Interest
Industry groups argue that the move would strip critical investor protections.
According to Democratic leaders in Congress, the Department of Labor appears to be doing little, if anything, to inform consumers about conflicts of interest in the advisory and brokerage industries.
Importantly, the updated rulemaking will apply a best-interest standard to account recommendations, including rollovers from retirement plans into individual retirement accounts (IRAs).
In the conclusions chapter of the report, the Securities and Exchange Commission says respondents expressed generally positive assessments of the format and content of the Customer Relationship Summary.
A group of investor advocacy organizations is calling on the Securities and Exchange Commission to significantly revise its adviser customer relationship summary form requirements within its broader Regulation Best Interest proposal.