SEC Alert! SEC proposing new rules (386 pages) relating to a broker-dealer’s duty of best execution. Enhances the existing regulatory framework calling for more robust policies and procedures for broker-dealers engaging in certain conflicted transactions with retail customers.
by Dismal-Jellyfish https://public-inspection.federalregister.gov/2022-27644.pdf https://public-inspection.federalregister.gov/2022-27644.pdf While the Commission believes the existing regulatory framework concerning the duty of best execution has helped broker-dealers fulfill their duty to their customers, the Commission believes this regulatory framework can be made more effective. In particular, …
