In the News

End of Libor Could Mean Reg BI Violations: SEC, Ignites

December 08, 2021

The Securities and Exchange Commission (SEC) warned that broker-dealers and investment advisors must consider their obligations under Regulation Best Interest (Reg BI) before recommending securities that are linked to Libor. Speaking to Ignites, partner Ignacio Sandoval noted that this is the agency’s “first public comment on how the Libor transition may impact registrants.” Broker-dealers and advisors should already be aware of the issues. However, Ignacio added that potential legislative solutions and other uncertainties around the replacement rate created a wait-and-see approach.

Read the full Ignites article >>
*Subscription required