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The task of reigniting and keeping the economy strong has been placed at the feet of America's financial professionals with the passing of the JOBS ACT and Regulation Best Interest: The Broker-Dealer Standard of Conduct.

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JOBS ACT MAIN POINTS:

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• TITLE I – REOPENING AMERICAN CAPITAL MARKETS TO EMERGING GROWTH COMPANIES

• TITLE II – ACCESS TO CAPITAL FOR JOB CREATORS

• TITLE III – CROWDFUNDING

• TITLE IV – SMALL COMPANY CAPITAL FORMATION

• TITLE V – PRIVATE COMPANY FLEXIBILITY AND GROWTH

• TITLE VI – CAPITAL EXPANSION

• TITLE VII – OUTREACH ON CHANGES TO THE LAW OR COMMISSION

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In an effort to jump-start the economy Congress could have broadly expanded the S&L provisions, or gave the SBA new sweeping powers, or gave credit unions some new set of expanded capabilities; but they did not. Congress made instead a series of very progressive and sweeping changes to the securities regulations outlined in the JOBS ACT. These changes were made with the expectations that those in the financial field would answer the call to duty by fully capitalizing on the new opportunities now made available and showing others in need how to capitalize as well.  

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REGULATION BEST INTEREST MAIN POINTS:

 

The SEC's Regulation Best Interest (Reg BI) under the Securities Exchange Act of 1934 establishes a "best interest" standard of conduct for broker-dealers and associated persons when they make a recommendation to a retail customer of any securities transaction or investment strategy involving securities, including recommendations of types of accounts. As part of the rule-making package, the SEC also adopted new rules and forms to require broker-dealers and investment advisers to provide a brief relationship summary, Form CRS, to retail investors. 

 

The NBE’s mission is to enforce the new provisions contained in the JOBS Act and Regulation Best Interest: The Broker-Dealer Standard of Conduct in such a way to generate synergistic business relationships that will greatly benefit the American Economy, members of the VBC, our affiliates, the American public at large, and the financial professionals who actively participate in the American Economy. We proudly arm registered reps with insurance licenses, mutual fund managers, and investment banks with the strategies and qualified corporate issuers, deals, and retail clients needed to build a more equitable financial industry.

 

 

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