Reg BI
SEC Regulation Best Interest. Care, disclosure, conflict, and compliance obligations for broker-dealers making recommendations to retail customers.
Why it shows up here: the live customer disputes against Tim Sherer and Brian Nelson plead Reg BI on real-estate securities. Emerson itself settled a willful Reg BI Care and Compliance order on GWG L-Bonds in August 2025 (File 3-22507) — different product, same BD, useful as supervision context.