CPBD- Reg. BI Documentation Form for Client Recommendations

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-dealer’s 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), and the materials or information reviewed to support that the recommendation was in the best interest of the client.  Members also downloaded the Broker-Dealer Regulation Best Interest (Reg BI) & Form CRS Process Flow Chart, Form CRS Relationship Summary Template for Broker-Dealers and FINRA Reg BI and Form CRS Firm Checklist.

Version/Update: V.1/August 2, 2022

Total Page Count/Format: 4/.pdf (form filler)

Source/Author(s): Brad Callen 

(See Brad Callen's Library for additional resources)