Views on improving the integrity of global capital markets
Regulation Best Interest
A Curious Thing Happened on the Way to Implementing Regulation Best Interest
The fact that firms are transitioning toward a registered investment advisory business model due to Reg BI cannot help but boost the standard for investment advice. Whether or not the advice of this cadre of newly minted investment advisers will be conflicted, as registered advisers they will be bound by a common law fiduciary duty that will lower the thresholds for investor claims on bad guidance. A positive step for investors.