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SEC approves new rule for financial advisers, setting stage for legal challenge
If you're a FINRA registered rep (Series 6 or 7), here's what's coming down the pike. In my not-so-humble and non-legal opinion, this isn't about "best interest standards" as it is INCREASING YOUR LIABILITY for failing to PROVE that you have your client's best interest behind your recommendations.
If you're a FINRA registered rep (Series 6 or 7), here's what's coming down the pike. In my not-so-humble and non-legal opinion, this isn't about "best interest standards" as it is INCREASING YOUR LIABILITY for failing to PROVE that you have your client's best interest behind your recommendations.
