State Attorneys General Misguided About SEC’s Regulation Best Interest

The American Council of Life Insurers (ACLI) questioned the purpose and merits of an ill-advised lawsuit by eight attorneys general last week against the Securities and Exchange Commission’s Regulation Best Interest (Reg BI). ACLI supports rules requiring all financial professionals, when making a recommendation, to act in the consumer’s best interest — with care, skill, … Continue reading "State Attorneys General Misguided About SEC’s Regulation Best Interest"

Ignore the Naysayers, SEC’s Regulation Best Interest Provides Strong Consumer Protection

The American Council of Life Insurers (ACLI) believes strongly in a best interest standard of care for all financial professionals. Fortunately, so does the Securities and Exchange Commission (SEC). The SEC introduced a strong standard of care in June when it unveiled its Regulation Best Interest (Reg BI). Reg BI is a robust measure that … Continue reading "Ignore the Naysayers, SEC’s Regulation Best Interest Provides Strong Consumer Protection"