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SEC building Broker-dealers “generally should consider” a list of practices to assure they are in compliance with Reg BI, the preamble says. (Photo: Diego M. Radzinschi/ALM)

The Securities and Exchange Commission’s proposed Regulation Best Interest, designed to rein in broker-dealers’ conflicts to retail investors, does not include specific language that would make it easier for investors to bring class-action lawsuits for breach of contract.

Nick Thornton


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