CPBD- Reg. BI Documentation Form for Client Recommendations Brad Callen Total Page Count/Format: 40/

Total Page Count/Format: 40/

The Rollover Due Diligence Form for DOL PTE 2020-02 serves as an important part of a firm’s overall compliance with the Department of Labor’s (DOL’s) adopted Prohibited Transaction Exemption 2020-02 (“PTE 2020- 02”) where broker-dealers and investment advisers making a rollover recommendation will need to document the reasons why the rollover is in the retirement investor’s best interest

The Broker-Dealer Written Supervisory Procedures Section on Standards of Conduct serves as an important part of a firm’s written supervisory procedures (WSPs) and overall compliance program in accordance with FINRA Rule 3110

including the net capital rule

The Checklist assists broker-dealers in documenting and testing the range and quality of execution services and whether the Firm used reasonable diligence to ascertain the best market for the subject security and buy or sell in such market so that the resultant price to the customer is as favorable as possible under prevailing market conditions

CPBD- Reg. BI Documentation Form for Client Recommendations Brad Callen Total Page Count/Format: 40/Compliance with Regulation Best Interest (Reg. BI) continues to be a concern of regulators. The Reg. BI Documentation Form for Client Recommendations serves as an important tool to document what the broker dealers investment professional has reviewed or considered for account and product recommendations, including reasonably available alternatives. The form documents recommendation type (product or account related), account type (brokerage advisory),