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No Modifications Coming to Reg BI: SEC Chief

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No Modifications Coming to Reg BI: SEC Chief

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Gary Gensler, chairman of the Securities and Change Fee, mentioned Thursday that the company isn’t planning additional adjustments to Regulation Finest Curiosity.

When requested by ThinkAdvisor if the company could be making any adjustments to Reg BI, Gensler advised reporters in the course of the Funding Adviser Affiliation’s compliance convention, held in Washington, that the SEC has “been analyzing for and implementing in opposition to” Reg BI, however the company does “not have it on our agenda.”

Gensler added: “At this juncture, what we’re doing is analyzing in opposition to [the rule], and in some circumstances bringing enforcement actions, however it’s not a part of our regulatory agenda to replace” Reg BI.

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