Understanding Regulation Best Interest (Reg BI)

Presented by

Donald McElligott, VP Compliance, Global Relay; Robert Lavigne, Managing Director, Bates Compliance

About this talk

Effective from June 30th 2020, the US SEC (Securities and Exchange Commission) Regulation Best Interest (Reg BI) rules mean that broker-dealers will be bound by law to put their customers’ interests first. Billed as the biggest regulatory change in decades, Reg BI is a new stricter standard for broker-dealers, governing how they provide investment advice to retail clients. What Reg BI underscores is the importance for firms to continuously monitor the interactions they have with clients, and to ensure they have the right technology and tools in place to capture and flag potential rule violations. In doing so, compliance teams can focus on proactively reviewing suspect communications, rather than wasting time managing infringements and paying costly enforcement fines. Watch this webinar to learn: • Why Reg BI came into force • How the obligations of regulated firms are affected • What the Regulator expects from firms to ensure compliance • How Reg BI impacts product sales • More about conflicts, compensation, and disclosure
Related topics:

More from this channel

Upcoming talks (0)
On-demand talks (20)
Subscribers (1624)
Global Relay (www.globalrelay.com) is a leading provider of compliant electronic communications archiving, messaging, supervision, information governance, and eDiscovery. Our 20,000+ customers in 90 countries include highly regulated organizations and other corporate firms, including financial services, insurance, technology, energy (oil and gas), legal, government and healthcare. Global Relay Archive preserves more than 60 data types within a unified, highly-secure and scalable cloud repository. Data types include: email, collaboration platforms (e.g. Microsoft Teams, Slack, Zoom), Instant Messaging, Bloomberg®, Refinitiv, social media, text messaging, voice, and trade data. Global Relay Message enables organizations to collaborate both internally and externally, confident that compliance, privacy, and security requirements are being met. Contact us at connect@globalrelay.net