Regulatory Training Videos:
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What is it?
- The Securities and Exchange Commission (SEC) voted to finalize the Regulation Best Interest Rule which elevates the standard of care to Best Interest for securities, including VA & VL recommendations.
Key impacts
- Additional training required, new disclosure documents, sales process changes and limitations to the use of the "advisor" title.
Form CRS relationship
As part of Regulation Best Interest, investment advisers and broker-dealers will be required to deliver a detailed relationship summary (Form CRS) to investor-clients at the beginning of their relationship.
Interpretations
Regulation Best Interest also includes the following interpretations:
- Investment Adviser Interpretation. The rule reaffirms, and in some cases clarifies, certain aspects of the fiduciary duty that an investment adviser owes its clients.
- Solely Incidental Interpretation. This interpretation of the "solely incidental prong" of the broker-dealer exclusion under the Investment Advisers Act is intended to delineate more clearly when a broker-dealer's performance of advisory activities causes it to become an investment adviser.
Reg BI New Business & Subsequent Transactions
Form CRS Customer Relationship Summary for Retail Investors
Fillable PDF Cover Sheet
Reg BI Disclosure
Effecting Trades & Subsequent Investments
RightBRIDGE Fact Finder
Product Personas
RightBRIDGE Product Profiler
RightBRIDGE Product Profiler Report Submission
MMLIS Changes Reference Sheet
New Business Submission
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Mark Lester-Financial Planning Director
703-394-7143
marklester@ffgadvisors.com
Mark Lester, CFP® is the Financial Planning Director and Agency Supervisory Officer. Mark is a native of West Hartford,
Connecticut and began his financial services career in 2001, working as an agent for MassMutual. He found his niche in
Financial Planning and was appointed Director of Financial Planning in 2004.
Mark holds Series 6, 7, 63, 65, 24 and 53 registrations with FINRA and is licensed in the states of Maryland, Florida, Connecticut and Virginia to sell life, accident/health, variable insurance and securities products. In addition, Mark is licensed to sell securities in all 50 states, DC, PR, and USVI. Mark has also earned an Executive Certificate in Financial Planning from Georgetown University.
Mark enjoys canoeing, camping, hiking, photography, and playing guitar. He is also a volunteer in the public and business community. Mark has served on committees for the Arthritis Foundation, and the National Capital Chapter of the Business Ethics Award.