Mar. 30, 2023
March 30, 2023 Establish a best execution standard for brokers, dealers, government securities brokers, government security dealers, and municipal securities dealers collectively broker dealers require broker dealers to establish, maintain and enforce written policies and procedures reasonably designed to comply with the best execution standard require more robust policies and procedures for broker dealers that engage in certain conflict transactions for or with a retail customer require broker dealers to review the execution quality of their customers transactions at least quarterly exempt broker dealers that qualify as introducing brokers from certain requirements if they establish, maintain and enforce specified policies/ procedures require broker dealers to review their best execution policies and procedures at least annually and present a report detailing the result of such review to their boards of directors or equivalent governing bodies