On July 19, FINRA accepted a Letter of Acceptance, Waiver, and Consent (AWC) from a member firm to resolve alleged Regulation Best Interest (Reg BI) violations. According to the AWC, from June ...

FINRA recently announced that it has fined and censured a New York firm for violations of some of the basic written and supervisory requirements of Regulation Best Interest. The violations date ...

New Jersey became the 50 th state Monday to adopt a best-interest annuity sales standard. Like nearly all of the other states, the New Jersey statute is based on a model regulation created by the ...