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Recently, Morningstar reached out to about 100 individualbrokers to gauge their firms' progress in complying with Regulation Best Interest by the July 1compliance date. In January, the Securities and ExchangeCommission said it would not be moving the scheduled July 1compliance date for Reg BI, which is designed to raise thestandard of care to retail investors above FINRA's suitabilitystandard.

About a third of those brokers were unaware, or unsure, of anymeasures their firms had taken relative to product line-ups in therun-up to July.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.