What US SEC Regulation Best Interest (Reg BI) - Broker-Dealer Conduct Standard 17 CFR 240.15l-1 requires
SEC Regulation Best Interest (Reg BI) at 17 CFR 240.15l-1, effective June 30, 2020, establishes a "best interest" conduct standard for broker-dealers when recommending securities transactions or investment strategies to retail customers. Reg BI comprises four obligations: Disclosure (Form CRS), Care (recommendation must be in best interest), Conflict of Interest (identify, disclose, mitigate), and Compliance (written policies and procedures). Reg BI applies to all securities product recommendations including crypto securities and complex products.
Pillar: Crypto & Sovereign Finance · Authority: US Securities and Exchange Commission (SEC) · Version: 1.0.0 · Last updated:
Primary source: https://www.sec.gov/regulation-best-interest
SHA-256 integrity: c9f28d57d66cc20813171772c4ede7a93155e2259e9cf053caaa069a5a305126
Primary Citations — 5 traced to source
- Four obligations: Disclosure, Care, Conflict of Interest, Compliance — 17 CFR 240.15l-1 - Regulation Best Interest
- Reg BI requirements, Form CRS, and implementation guidance — SEC Regulation Best Interest - Official Overview
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