SEC Issues FAQs on Regulation Best Interest

The staff of the SEC’s Division of Trading and Markets has issued Frequently Asked Questions on Regulation Best Interest.

The FAQs cover questions related to the SEC’s June 5, 2019, final rule on the broker-dealer standard of conduct (i.e., Regulation Best Interest). Topics addressed include the applicability of Regulation Best Interest to (1) account recommendations, (2) disclosure obligations, (3) care obligations, and (4) conflicts of interest.