{"id":10872,"date":"2022-10-10T12:57:17","date_gmt":"2022-10-10T16:57:17","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10872"},"modified":"2022-10-10T12:57:17","modified_gmt":"2022-10-10T16:57:17","slug":"western-international-securities-is-secs-first-regulation-best-interest-action","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/western-international-securities-is-secs-first-regulation-best-interest-action\/","title":{"rendered":"Western International Securities Is SEC\u2019s First Regulation Best Interest Action"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-9425 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/10\/BookGavel2.jpg\" alt=\"Most investors believe their broker and broker-dealer have their best interests in mind when making recommendations. As we\u2019ve reported many times in this blog, that\u2019s not always the case.  The SEC\u2019s newest rule, called Regulation Best Interest, nicknamed Reg BI, is the latest in the effort to make the market a safe place for investors. Now, Reg BI has led to its first enforcement action.  Silver Law Group represents investors in claims against selling broker-dealers for losses relating to GWG L Bonds and violations of Regulation Best Interest and other FINRA rules and regulations.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/10\/BookGavel2.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/10\/BookGavel2-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Most investors believe their broker and broker-dealer have their best interests in mind when making recommendations. <a href=\"https:\/\/www.silverlaw.com\/blog\/\" target=\"_blank\">As we\u2019ve reported many times in this blog<\/a>, that\u2019s not always the case. The SEC\u2019s newest rule, called <strong><em>Regulation Best Interest, <\/em><\/strong>nicknamed <em>Reg BI,<\/em> is the latest in the effort to make the market a safe place for investors. Now, Reg BI has led to its first enforcement action. <a href=\"https:\/\/www.silverlaw.com\/blog\/western-international-securities-is-secs-first-regulation-best-interest-action\/#more-10872\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most investors believe their broker and broker-dealer have their best interests in mind when making recommendations. As we\u2019ve reported many times in this blog, that\u2019s not always the case. The SEC\u2019s newest rule, called Regulation Best Interest, nicknamed Reg BI, is the latest in the effort to make the market a safe place for investors. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[588,580],"tags":[],"class_list":["post-10872","post","type-post","status-publish","format-standard","hentry","category-finra-arbitration","category-stockbroker-misconduct"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Western International Securities Is SEC\u2019s First Regulation Best Interest Action<\/title>\n<meta name=\"description\" content=\"The SEC\u2019s newest rule, called Regulation Best Interest is the latest in the effort to make the market a safe place for investors.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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