Investment Professionals

Investor Groups Urge SEC to Strengthen Regulation Best Interest

Six leading investor groups, including CFA, wrote to SEC Chairman Jay Clayton regarding the Commission’s three-part regulatory package, known as Regulation Best Interest, to raise the standards that apply to broker-dealers and investment advisers when they provide investment advice to retail customers. The letter outlines six key weaknesses in the proposal and suggests necessary fixes for the regulation to achieve its stated purpose of improving protections for investors.