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 to act in

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

Discover MLex

Stay on top of global regulatory developments

TAKE A FREE TRIAL

Latest News