Tag: Reg BI

Arizona Gov. Doug Ducey has signed into law a bill to establish a best interest standard applying to the sale of annuity contracts in the state.

Such alignment would be consistent with what the Department of Labor leadership has been signaling for a number of years now.

The Department of Labor has submitted a draft regulation to the Office of Management and Budget.

The state is following in the footsteps of Iowa, which earlier this month adopted a regulation to require annuity agents to act in the best interest of their...

One critical component of the Regulation Best Interest is the customer relationship summary form, or “Form CRS,” which provides new and existing clients with detailed information about a...

At a digital hearing conducted by the Iowa Insurance Division, industry representatives asked the state regulator to grant a safe harbor for broker/dealers that comply with Reg BI.

Iowa’s new proposed conflict of interest mitigation rules are based closely on the model framework finalized earlier this year by the National Association of Insurance Commissioners—with some important...

Two new risk alerts published by the SEC provide broker/dealers and advisers with advance information about the expected scope and content of the initial examinations for compliance with...

The SEC has confirmed that the COVID-19 pandemic will not halt the implementation of the SEC’s Regulation Best Interest, which has a general compliance date of June 30.

“The uncertainties caused by COVID-19 have not changed our perspective or commitment,” SEC Chairman Jay Clayton says.

As the SEC’s June 30 Regulation Best Interest deadline nears without hope of a grace period, sources say many financial services firms aren’t ready to comply.

The Democratic presidential candidate tells Department of Labor Secretary Scalia she fears the DOL is considering standards of conduct that would permit advisers providing advice on retirement savings...

The rule blurs the line between advice and sales, potentially hurting both advisers and investors, he says.

The self-regulatory organization says it will help members implement the SEC's sweeping new conflict of interest disclosure rules.

The lower chamber has voted to block funding for the SEC to implement and enforce Regulation Best Interest.