Sector Regulation Sector Regulation

Comment: US brokerages told to heed broad Trump-era rule in recommending stocks during Libor transition

By Neil Roland
  • 13 Dec 2021 13:58
  • 13 Dec 2021 13:58
The US Securities and Exchange Commission is using an unlikely cudgel – an imprecise Trump-era rule bashed by investor advocates – to get brokerages to honor their customers’ interests in recommending securities in general and specifically during the transition from Libor.
The 2019 Regulation Best Interest (see here) required broker-dealers

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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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