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Business
Reg BI meant to ensure advisors look after their clients' best interests rather than their own financial gain
While the Department of Labor Fiduciary Rule may be dead in the water, the Securities and Exchange Commission’s Best Interest Regulation, known as Reg BI, is moving full speed ahead for implementation June 30. Reg BI is the successor to the Fiduciary Rule introduced by the Department of Labor in 2015, following a call from...