Sector Regulation Sector Regulation

Comment: US SEC’s first Reg BI case enforces vague Trump-era rule to protect investors against brokers

By Neil Roland
  • 21 Jun 2022 18:04
  • 21 Jun 2022 18:04
The US Securities and Exchange Commission’s first Regulation Best Interest case, filed last week, interprets an imprecise Trump-era rule in a way that would protect ordinary investors against predatory brokerages.

“This complaint shows that, from the SEC’s perspective, Reg BI is not the walk in the park that the brokers thought they were

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