FINRA has amended its suitability rule, Capital Acquisition Broker (CAB) suitability rule and rules governing non-cash compensation to provide clarity on which standard applies and to address potential inconsistencies with the Securities and Exchange Commission’s (SEC’s) Regulation Best Interest (Reg BI).
These changes have been approved by the SEC and become effective on June 30, 2020, the compliance date of Reg BI.
To read the full release, click here.
