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US SEC Regulation Best Interest (Reg BI) - Broker-Dealer Conduct Standard 17 CFR 240.15l-1

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…

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: b2f510b461c2554d2162d590b88a4ad7e5084eedd4d35c1e3e81b78950d3d5b1

Primary Citations — 5 traced to source

  • {"title":"17 CFR 240.15l-1 - Regulation Best Interest","url":"https://www.ecfr.gov/current/title-17/chapter-II/part-240/section-240.15l-1","section":"Four obligations: Disclosure, Care, Conflict of Interest, Compliance"}
  • {"title":"SEC Regulation Best Interest - Official Overview","url":"https://www.sec.gov/regulation-best-interest","section":"Reg BI requirements, Form CRS, and implementation guidance"}

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