Seaford, NY asked in Securities Law for New York

Q: Is a short term investment tragedy in the best interest for the client, according to the new BI rules? How is it?

Client is aware of fees associated with this strategy and wants to implement this strategy in his/her well diversified portfolio.

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1 Lawyer Answer
Chris Warren
Chris Warren
  • Securities Law Lawyer
  • New York, NY
  • Licensed in New York

A: A short-term trading strategy can comply with regulation B-I as long as the fees are reasonable and disclosed, the client authorizes the strategy, there is appropriate supervisory compliance of the account in place, and there is not a conflict of interest between the client and the broker.

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