broker-dealer

Glossary terms related to broker-dealer.

• RIA vs. Broker-Dealer: Key Differences

  Registered investment advisers (RIAs) and broker-dealers are both regulated financial intermediaries, but they operate under different regulatory frameworks, compensation structures, and standards of care.

• Reg BI (Regulation Best Interest)

  Regulation Best Interest (Reg BI) is an SEC rule requiring broker-dealers to act in the best interest of retail customers when making investment recommendations. Effective June 30, 2020.