Financial Services Financial Services

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

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

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.

Discover MLex

Stay on top of global regulatory developments

Latest News