The US Securities and Exchange Commission will bring regulation best interest into effect on 30 June 2020 as a way of ensuring that broker-dealers, registered investment advisers (RIAs) and dual registrants enhance the quality and transparency of their relationships with investors.
According to Bradley Berman ( pictured ), counsel at law firm Mayer Brown, one of the two biggest aspects of the implementation on structured products is disclosure obligation. “You have to disclose material facts relating to the scope and terms of the relationship with the customer and the material facts relating to any conflicts of interest,” he said. “For example, under scope and terms, that would include material fees and costs that apply to the customer’s transactions which would apply to
Continue reading and get unlimited access for 7 days with a free trial of SRP.
Get a free trialAlready a subscriber? Login