Attorney David Neuman Is Quoted Again in Financial Planning Article, This Time Regarding Regulation Best Interest

For the second time in a few months, Attorney David Neuman has been quoted in an article on Financial-Planning.com.  The article was written by Tobias Salinger.

In particular, the article discusses issues with Regulation Best Interest, which went into effect on June 30, 2020.  FINRA broker-dealers and their representatives are generally subject to this regulation for investment recommendations made after this date.

The article also references that David Neuman was a speaker at the PIABA Annual Meeting in San Antonio, Texas last week.  Mr. Neuman joined Christine Lazaro, director of the Securities Law Clinic at St. John’s Law School, and Jim Wrona, associate general counsel for FINRA, to discuss issues with “Reg BI”.  The panelists discussed the implementation of Reg BI and what Reg BI claims will look like in FINRA arbitration, as well as in FINRA’s regulatory investigations.

A link to the article can be found here:  https://www.financial-planning.com/news/raymond-james-case-offers-costly-warning-ahead-of-reg-bi-ramp-up

For more information on our legal services for investors, contact David Neuman directly at (206) 795-5798 or email to dave@israelsneuman.com.