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Department of Labor: Standard of Care

Janney remains committed to delivering the highest quality advice and service to our clients. As industry regulations evolve, this commitment includes communicating how any regulatory changes may impact our client relationships.

Securities and Exchange Commission (SEC) Regulation Best Interest

In April 2018, the SEC voted 4-1 to propose Regulation Best Interest (Reg BI). Reg BI would require broker-dealers to act in the best interest of their retail customers when making a recommendation of any securities transaction or investment strategy involving securities to a retail customer. Additionally, the SEC proposed a Form CRS Relationship Summary and interpretive guidance for Broker-Dealers and Investment Advisers, and proposed an interpretation regarding the standard of conduct for Investment Advisers.

As SEC Reg BI continues through the rule proposal process and we learn more about potential client impact, we will provide updates here.

Learn more about fiduciary duty and best interest standards from the Securities Industry and Financial Markets Association.

We’re ready for any change.

We work hard to ensure that not only are our regulatory obligations met at all times, but that we align any solution to the needs and goals of each of our clients.

Keeping our clients’ best interest first is our priority as we look to stay ahead of and adjust to any regulatory developments that may impact our relationships with clients. While change in our business and in the regulations that govern us may be unavoidable, what never changes is our ongoing commitment and dedication to help clients achieve their long-term financial goals.