Regulation Best Interest (Reg BI)

On June 5, 2019, the SEC adopted Regulation Best Interest (Reg BI) under the Securities Exchange Act of 1934. Reg BI establishes a "best interest" standard of conduct for broker-dealers and associated persons when they make a recommendation to a retail customer of any securities transaction or investment strategy involving securities, including recommendations of types of accounts. As part of the rulemaking package, the SEC also adopted new rules and forms to require broker-dealers and investment advisers to provide a brief relationship summary, Form Customer Relationship Summary (CRS) to retail investors.

Coronavirus Aid, Relief, and Economic Security (CARES) Act FAQ

On March 27, 2020, the President signed a $2 trillion relief package entitled the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The CARES Act is intended to provide "emergency assistance and health care response for individuals, families and businesses affected by the 2020 coronavirus pandemic." This frequently asked questions (FAQ) is intended to address CARES Act provisions related to individual financial assistance to help individuals withstand the harsh impact of COVID-19. IMPORTANT: Before considering or acting on any of the information included in this FAQ, individuals are advised to seek qualified counsel from their legal, tax and/or financial advisors. If I am experiencing a dire financial need as a result of the COVID-19 pandemic, is there a way for me to access funds in my retirement accounts? Potentially, yes. As it relates to your employer-sponsored retirement plan, there may be two provisions available to "qualified individuals": Coronavirus-related distribution (CRD): IF you are a