REG BI and Advisory Relationships
Randy Carver, CRPC®

On April 7, 2020, the SEC’s Office of Compliance Inspections and Examinations (OCIE) released Risk Alerts for Reg BI and Form CRS. These Risk Alerts set forth OCIE’s expectations for firms’ compliance with Reg BI and Form CRS and provide broker-dealers with information about the scope and content of OCIE’s initial examinations following the compliance date of June 30, 2020. The rules fundamentally change now many advisors work with clients. This segment will review Reg BI and discuss various advisory relationships that attorney’s and their clients may be involved with as guardians, fiduciaries, trustees and simply as individual citizens.