Market Trends 2019/20: Regulation Best Interest

Summary

This practice note discusses recent market trends regarding Regulation Best Interest (Reg BI) (Rule 15l-1 under the Securities Exchange Act of 1934 (Exchange Act)), which was adopted by the Securities and Exchange Commission (SEC) on June 25, 2019, and became effective on September 10, 2019, with a compliance date of June 30, 2020.