These days, artificial intelligence is everywhere we look, and the financial services industry is no different. As AI use increases, regulatory bodies are updating their rules and guidelines detailing how companies should and...more
12/17/2024
/ Artificial Intelligence ,
Banks ,
Bias ,
Broker-Dealer ,
Compliance ,
Discrimination ,
Financial Adviser ,
Financial Industry Regulatory Authority (FINRA) ,
Fraud ,
Governance Standards ,
Government Agencies ,
Institutional Investors ,
Insurance Industry ,
Internal Communications ,
Investment Adviser ,
Investors ,
Machine Learning ,
New Rules ,
Policies and Procedures ,
Recordkeeping Requirements ,
Regulatory Requirements ,
Retail Investors ,
Securities
Noting Deficiencies, FINRA Suggests Best Practices for Reg BI Compliance -
During its first-ever review of compliance with Regulation Best Interest (Reg BI), the Financial Industry Regulatory Authority (FINRA) found...more
With SEC Regulation Best Interest (“Reg-BI”) effective as of June 30, 2020, SEC examiners will now focus on whether firms have made a good faith effort to implement policies and procedures (“P&Ps”) that are necessary for...more
11/20/2020
/ Best Interest Standard ,
Broker-Dealer ,
Conflicts of Interest ,
Fiduciary Duty ,
Investment Adviser ,
Investment Management ,
Policies and Procedures ,
Regulation Best Interest ,
Regulation BI ,
Retail Investors ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Securities Transactions ,
Standard of Conduct
Litigation Risks Posed by the SEC’s Regulation Best Interest -
Pete Tepley and Meredith Lees highlight litigation risks posed by the SEC’s Regulation Best Interest (Reg-BI), litigation risks that may arise from Reg-BI’s...more
1/14/2020
/ Arbitration ,
Best Interest Standard ,
Best Practices ,
Broker-Dealer ,
Conflicts of Interest ,
Cooperative Compliance Regime ,
Disclosure Requirements ,
Fiduciary Duty ,
Financial Industry Regulatory Authority (FINRA) ,
Investment Adviser ,
Investment Management ,
Policies and Procedures ,
Regulation Best Interest ,
Regulatory Oversight ,
Regulatory Requirements ,
Retail Investors ,
Risk Mitigation ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Securities Transactions ,
Standard of Care ,
Standard of Conduct