REG BI Documentation Form for Client Recommendations

REG BI Documentation Form for Client RecommendationsCompliance 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),

Compliance 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-dealer’s 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), and the materials or information reviewed to support that the recommendation was in the best interest of the client.