Biden’s SEC to determine fate of Reg BI, among other recent regs (Citywire)

The new Biden administration is already hearing from certain Congressional lawmakers that want to rescind or replace Trump era securities regulations. This includes Regulation Best Interest (Reg BI). However, FrontLine’s Founder and President Amy Lynch and other experts think a more tempered approach by the SEC is the likelier course of action. Ms. Lynch expects a new SEC to issue interpretive notices and guidance offering more clarity on components of Reg BI, especially on firm fee disclosures and providing recommendations to clients. See Citywire (view through free subscription), “Pressure mounts against Reg BI as Biden prepares to take office”