"Some of the key questions raised by proposed Regulation Best Interest include: [1] What does it mean to act in a retail customer's 'best interest?' [2] Is 'best interest' consistent with current interpretations of a broker-dealer's suitability obligations, or does it require something more? ... [3] How does the new 'best interest' concept impact the sale of proprietary products or a limited range of products? [4] Which conflicts can be disclosed and mitigated, and which must be eliminated? [5] To what extent does the proposal reflect a repackaging of the recently vacated [DOL] Fiduciary Rule and Best Interest Contract Exemption?"  MORE >>