As firms prepare for a June 30 compliance date for SECs Reg BI, the enclosed article provides a unique perspective on potential implications as a result of the COVID-19 pandemic. The article offers answers to questions such as what are some of the challenges wealth managers have faced in complying with Reg BI?

What area of the rule could be of heightened interest to regulators and clients given today’s financial climate? How are firms ensuring they see the forest for the trees when implementing their Reg BI response?