Regulation Best Interest (Reg BI) establishes a “best interest” standard of conduct for broker-dealers and financial professionals when they make a recommendation to a client of any securities transaction or investment strategy involving securities, including recommendations of types of accounts.  As part of Reg BI, a new rule also requires broker-dealers and financial professionals to provide additional disclosure forms for certain transactions.

For more information on Reg BI from our broker-dealer Cambridge, here is a FAQ:



Form CRS - In part, these forms summarize our relationship [with you] and contain a description of services and advice that can be provided, and outline the principal fees and costs that you can expect to incur with respect to your accounts.  You may receive these forms periodically as a reminder of this information.  There are two versions of this form, one for Commission accounts and one for Advisory Accounts:

Form CRS - Commission

Form CRS - Advisory