Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Senior Specialist 401k Recordkeeping

T Bank N.A.
(Dallas TX)

T Bank N.A. logo

Retirement Plan Consultant

July Business Services

July Business Services logo

Regional Sales Director (West)

July Business Services

July Business Services logo

Retirement Account Manager

Fringe Benefit Group
(Remote / Austin TX)

Fringe Benefit Group logo

Defined Contribution Account Manager

Nova 401(k) Associates

Nova 401(k) Associates logo

Retirement Plan Relationship Manager

ERISA Services, Inc.

ERISA Services, Inc. logo

Client Service Manager

July Business Services

July Business Services logo

Retirement Plan Administrator

Retirement Solutions Specialists
(Remote / Jacksonville FL / Hybrid)

Retirement Solutions Specialists logo

TPA Retirement Plan Consultant



Compliance Officer

New York City District Council of Carpenters Benefit Funds
(New York NY)

New York City District Council of Carpenters Benefit Funds logo

Defined Contributions Compliance Consultant

Loren D. Stark Company (LDSCO)

Loren D. Stark Company (LDSCO) logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

Press Releases by Date   |   Press Releases by Company Name

View More Press Releases by Securities and Exchange Commission [SEC]

Press Release

SEC Staff to Host October 26 Roundtable on Regulation Best Interest and Form CRS

Issued by Securities and Exchange Commission [SEC]

Sept. 28, 2020

Washington D.C., Sept. 28, 2020 — The Securities and Exchange Commission today announced October 26 as the date for its roundtable at which Commission staff and the Financial Industry Regulatory Authority (FINRA) will discuss initial observations on Regulation Best Interest and Form CRS implementation. 

Regulation Best Interest and Form CRS were adopted by the Commission on June 5, 2019 as part of a package of rules and interpretations designed to address the obligations of broker-dealers and investment advisers when they provide recommendations or investment advice to retail investors.  Regulation Best Interest enhanced the broker-dealer standard of conduct beyond existing suitability obligations and requires broker-dealers, among other things, to act in the best interest of a retail customer when making a recommendation of any securities transaction or investment strategy involving securities.  Form CRS is a relationship summary designed to help retail investors make informed choices regarding whether a brokerage or investment advisory relationship, as well as whether a particular broker-dealer or investment adviser, best suits their particular needs and circumstances.  The relationship summary promotes transparency and better-informed decision making through clear, concise disclosures and by summarizing in one place selected information about a particular firm.

The roundtable, which was previously announced in a statement by the Staff Standards of Conduct Implementation Committee, will discuss initial observations from staff and FINRA following the June 30, 2020 compliance date for Regulation Best Interest and Form CRS.  Participants will include staff from the Office of Compliance Inspections and Examinations, the Division of Trading and Markets, the Division of Investment Management, and FINRA.  The roundtable will be held by remote means, will be open to the public via live webcast, and will be archived for later viewing.  The event will take place from 1:00 to 3:00 pm ET.  Further details on the agenda and participants will be forthcoming.

View More Press Releases by Securities and Exchange Commission [SEC]

Editor's note: This press release has been issued by the company named above, not BenefitsLink. Reliance on information in this press release might be prudent only after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.