CPBD- Reg. BI Documentation Form for Client Recommendations Brad Callen including the net capital rule

including the net capital rule

The Rollover Due Diligence Form for DOL PTE 2020-02 serves as an important part of a firm’s overall compliance with the Department of Labor’s (DOL’s) adopted Prohibited Transaction Exemption 2020-02 (“PTE 2020- 02”) where broker-dealers and investment advisers making a rollover recommendation will need to document the reasons why the rollover is in the retirement investor’s best interest

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The Broker-Dealer Request to Open Account(s) at Other Broker-Dealers and Financial Institutions is a useful template to satisfy the initial request and notification requirement under FINRA Rule 3210 (Accounts At Other Broker-Dealers and Financial Institutions)

CPBD- Reg. BI Documentation Form for Client Recommendations Brad Callen including the net capital ruleCompliance with Regulation Best Interest (Reg. BI) continues to be a concern of regulators. The Reg. BI Documentation Form for Client Recommendations serves as an important tool to document what the broker dealers investment professional has reviewed or considered for account and product recommendations, including reasonably available alternatives. The form documents recommendation type (product or account related), account type (brokerage advisory),