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In the final days before the June 30 deadline for broker-dealers and advisors to comply with the Securities and Exchange Commission's Regulation Best Interest and filing a Customer Relationship Summary, or Form CRS, firms are rushing to meet the requirements, but many of them will be able to do so on time, according to experts who spoke Wednesday during the Securities Industry and Financial Markets Association webinar "Reg BI – How Firms are Managing Ops Changes."
Hans Schemmel, director of Pershing's retirement and insurance-based solutions at BNY Mellon, says he sees "a broad spectrum of preparedness" among Pershing's advisor clients.
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Jeff Berman
Jeff joined the ThinkAdvisor team as a staff reporter in July 2019. Before joining ThinkAdvisor, he was a freelance reporter for five years, covering mainly technology, business, media and entertainment news for publications including The Miami Herald, Newsday, TheStreet.com, Long Island Press and multiple American City Business Journals websites. He also reported for several consumer electronics publications and was a technology reporter for publications of the Media & Entertainment Services Alliance. Prior to that, he worked as a reporter and editor for Consumer Electronics Daily and other Warren Communications News publications for 15 years. He graduated with an MA in journalism from New York University.
