“Regulation Best Interest” (or “Reg BI”) is a new rule from the SEC that requires anyone offering professional investment advice to disclose the fact you will pay them a fee if they manage your IRA for you.
“The SEC’s new Reg BI has an impact on all investors and emphasizes the importance of having a true fiduciary (advisers who are required to put their clients’ interests ahead of their own),” says Anderson Lafontant, Senior Advisor at Miracle Mile Advisors in Los Angeles.
Read the full article: How SEC’s New ‘Reg BI’ Rule Impacts Your Retirement Investments (Forbes)
