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While Reg BI tracks closely with FINRA’s suitability standard, the SEC also imports language from the Labor Department’s fiduciary rule. That adds more confusion. (Photo: Shutterstock)

The Securities and Exchange Commission’s proposed Regulation Best Interest, intended to elevate FINRA’s suitability standard for broker-dealer recommendations to retail investors, is in need of clarification, according to attorneys from Drinker Biddle & Reath.

Nick Thornton

BenefitsPRO

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