Tr?id=566623520170033&ev=PageView&noscript=1

Compliance Professionals Emphasize the Significance of SEC Reg BI Bulletins in Examinations

Posted on May 30th, 2023 at 3:03 PM
Compliance Professionals Emphasize the Significance of SEC Reg BI Bulletins in Examinations

From the desk of Jim Eccleston at Eccleston Law 

Securities and Exchange Commission (SEC) top compliance officials recently announced that the Regulation Best Interest (Reg BI) bulletins will be used in future exams.

According to ThinkAdvisor, the bulletins have no formal legal effect. However, Evan Charkes, managing director and associate general counsel for Bank of America, shared that the bulletins still should be taken seriously.

Charkes added that the bulletins guide the SEC and the Financial Industry Regulatory Authority (FINRA) examiners. Peggy Ho, senior vice president and general counsel for Commonwealth Financial, told ThinkAdvisor described the bulletin as a valuable tool that should be examined in conjunction with Reg BI. She referred to the bulletin as a roadmap for what examiners will likely focus on during examinations.

 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory and disciplinary matters.

Tags: eccleston, eccleston law

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

That is just fantastic! Thank you very much!

Julie N.

LATEST NEWS AND ARTICLES

1792164960 Law
October 16, 2026
Ameriprise and Broker Ordered to Pay Edward Jones Nearly $4.8 Million in Trade Secrets Dispute

Ameriprise Financial and broker Cory J.

1792083058 Law
October 15, 2026
SEC Warns Firms to Improve Private Asset Valuation and Disclosures

The Securities and Exchange Commission (SEC) is pressing financial firms to take greater care when valuing private assets as liquidity tightens and investor redemption requests increase, according to AdvisorHub.

1791996515 Law
October 14, 2026
FINRA Study Finds Advanced Investment Knowledge Does Not Eliminate Fraud Risk

Research using the FINRA Investor Education Foundation's 2024 National Financial Capability Study found that fewer than one in five investors with non-retirement investments demonstrate advanced investment literacy.