SEC IAG Votes to Recommend Best Interest Applicability to Brokerage Options Accounts

- SEC and FINRA guidance requires suitability assessment for options trading - Proposal suggests options trading should be in client's best interest - Committee recommends FINRA amend Rule 2360 to reflect this - Emphasis on determining level of options trading that is best for client's interest - Focus on self-directed investors and account suitability for options trading - Related to brokerage firms and clients' best interest - Emphasis on Regulation BI for options trading suitability assessment - Article addresses a 404 error on the SEC website - Provides contact information to report a broken link - Encourages users to check web address or search for information on the site - No specific information or details regarding stocks or companies mentioned