CCS’s Gillespie and Tyre Analyze Regulation Best Interest and Adviser Fiduciary Interpretation

The SEC recently proposed Regulation Best Interest, proposing a best interest conduct standard on retail brokers, and an expanded fiduciary interpretation applicable to investment advisers.  CCS’s Stacey Gillespie offers a summary of the expanded fiduciary interpretation, and Doug Tyre provides a description of the proposed Best Interest Standard.  Stacey analyzes how the SEC intends to interpret an adviser’s obligations of best execution, duty of care, duty of loyalty, and obligation to monitor.  Doug reviews how Regulation Best Interest would change a retail broker’s obligations to mitigate conflicts of interest, enhance disclosure, and exercise a heightened duty of care.  If you would like to discuss further, both Stacey and Doug are available to field your questions.

 

Regulation Best Interest 5-2-18

Fiduciary Rule Interpretation 5-2-18