Today, NAGDCA’s Legislative Committee released an analysis of the Securities and Exchange Commission’s (“SEC”) best interest standard of conduct and procedures for broker-dealers when advising retail customers. Commonly referred to as the Regulation Best Interest (“Reg BI”), it enhances the standard of conduct imposed on a broker-dealer when making a recommendation to a retail customer of any securities transaction or securities investment strategy.

You can find the complete analysis of Reg BI from the perspective of governmental retirement plan sponsors, here.