Vol. 7, No. 5 | Regulation Best Interest: Is It Working?
This issue examines the question of whether Regulation Best Interest (Reg BI), a “best interest” rule covering retail investment advice by securities brokers, is working as intended. Reg BI went into effect nearly two years ago and was designed to enhance investor protection and, to an extent, level the playing field between brokerage firms and investment advisors providing investment advice to retail investors.