Today, the SEC announced that the June 30th deadline “remains appropriate" for adhering to a new framework for investment advice known as the Best Interest regulation, or Reg BI. The announcement came as a broader push to slow new regulations as the coronavirus emergency has complicated procedures for the financial regulator.
The press release can be viewed here.
**The BDA continues to work with the SEC Office of Trading and Markets and FINRA on specific issuers members have identified and will continue to provide updates as they become available.
