SEC's Regulation Best Interest
GPTKB entity
Properties (67)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
regulation
|
| gptkbp:addresses |
conflicts of interest
|
| gptkbp:aimsTo |
enhance investor protection
|
| gptkbp:appliesTo |
broker-dealers
investment advisers |
| gptkbp:effectiveDate |
June 30, 2020
|
| gptkbp:enactedBy |
gptkb:U.S._Securities_and_Exchange_Commission
|
| gptkbp:established |
standard of conduct
|
| https://www.w3.org/2000/01/rdf-schema#label |
SEC's Regulation Best Interest
|
| gptkbp:isActiveIn |
legal commentaries
regulatory studies |
| gptkbp:isCriticizedFor |
complexity of compliance
lack of clarity in implementation potential loopholes ambiguity in definitions insufficient enforcement mechanisms lack of a fiduciary standard not being a true fiduciary standard |
| gptkbp:isDesignedFor |
clarify the duties of financial professionals
|
| gptkbp:isDiscussedIn |
congressional hearings
financial news articles financial regulatory forums financial industry publications financial advisory conferences financial compliance workshops investment advisory forums |
| gptkbp:isEvaluatedBy |
academic research
peer reviews risk assessments regulatory impact assessments industry surveys consumer feedback surveys industry compliance reviews |
| gptkbp:isInfluencedBy |
previous fiduciary rule proposals
|
| gptkbp:isIntegratedWith |
reduce the risk of investor harm
|
| gptkbp:isLinkedTo |
investor education efforts
market conduct standards investor trust issues |
| gptkbp:isLocatedIn |
broker-dealer policies
client communication strategies training programs for advisors |
| gptkbp:isMonitoredBy |
SEC_enforcement_actions
|
| gptkbp:isPartOf |
Regulation BI
financial advisory regulations Dodd-Frank_Act_reforms SEC's_broader_regulatory_framework SEC's_investor_protection_agenda U.S._financial_regulatory_landscape U.S._investment_regulation_framework |
| gptkbp:isPromotedBy |
financial literacy initiatives
financial education campaigns |
| gptkbp:isRelatedTo |
investment advice standards
financial product sales practices Form CRS client trust issues financial advisor regulations retirement investment advice |
| gptkbp:isReviewedBy |
financial regulators
|
| gptkbp:isSubjectTo |
legal challenges
|
| gptkbp:isSupportedBy |
investment firms
financial planning organizations consumer advocacy groups financial industry advocates financial services associations |
| gptkbp:requires |
broker-dealers to act in the best interest of their clients
client relationship summary disclosure of fees and costs |