Jay Clayton, the chairman of the Securities and Exchange Commission, told broker-dealers in early April that Regulation Best Interest will be implemented on time, even though the Covid-19 crisis has ...

In an article for InvestmentNews, Mark Schoeff Jr. covers the latest developments in the SEC and FINRA’s implementation of Regulation Best Interest (Reg BI). Reg BI was passed in 2019 and implemented ...

In July, we submitted a letter in response to the Massachusetts Secretary of the Commonwealth’s request for comment on a fiduciary standard of conduct for advisors and firms in that state. As we have ...

That leads us to a basic question on what constitutes a success or a failure in a BI system. There are two fundamental indicators of a successful BI implementation. First, is BI institutionalized in ...

Now that financial firms know that the deadline for implementing the Securities and Exchange Commission’s higher investment-advice standard for brokers remains June 30, they have to figure out what ...

An open letter to two U.S. Senators emphasizes that the SEC must receive sufficient fiscal support to effectively oversee the industry’s ongoing implementation of Regulation Best Interest and Form CRS ...

In a rare display of an industry trade group’s support for new regulation and enforcement, independent wealth managers are praising the SEC’s Regulation Best Interest. More than 80 independent ...

BI software – tools, platforms, and applications alike – holds great potential for helping organizations readily access the enterprise information needed to make informed business decisions and, ...

Firms must demonstrate a “good faith effort” to comply. Last month, SEC Chairman Clayton issued a public statement communicating that firms should not expect a delay of the June 30, 2020 compliance ...

More than half of healthcare organizations have yet to implement business intelligence systems. And with shifts toward pay-for-performance, that could leave their bottom line open to financial hits.