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
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
Amendments to the Financial Industry Regulatory Authority, Inc.'s ("FINRA's") Customer and Industry Codes of Arbitration Procedure require that all parties (except for pro se customers) to FINRA arbitrations must use the...more