This year, we announced we would be suing the SEC over Regulation Best Interests, better known as Reg BI, and many people have asked some great questions about this process and what it entails. So today, Michael Kitces joins the show to help answer those questions, discuss how this came about, and explain why this is so important for financial planners everywhere.
Listen in to learn about the origins of Reg BI, as well as what led to the mess we are in currently. From the fiduciary vs. suitability rules to the RIA and the broker-dealer landscape, you will gain a better understanding of why the SEC is overstepping their boundaries when it comes to creating rules and our view on the potential outcomes of this case.
Listen to the Full Interview: