Initial compliance exams will focus on firms' commitment to adopting new requirements
U.S. firms are expected to implement the new broker conduct requirements by June 30
New conduct standards top SRO's compliance agenda
FINRA has developed resources to help firms comply with the SEC's new conduct rules
The new broker conduct rule waters down the protections in the Dodd-Frank Act, the states say
The reforms also feature new relationship disclosure requirements for both registered investment advisors and broker-dealers
The group also called for fintech regulation
How will firms be able to address conflicts of interest in four common scenarios?
David Gary Durno implemented an active trading strategy for two senior clients that “generated large commissions for himself and his firm but reduced client profits”
The new requirement would introduce “specific obligations” that would expand financial planners’ obligation to prioritize their clients’ interests