Reg Bi

This walks you through SEC Regulation Best Interest compliance for broker-dealer recommendations. It covers the four core obligations (Disclosure, Care, Conflict of Interest, Compliance) and explains what triggers the "recommendation" standard, which is broader than you might think. It includes rollover analysis, the reasonably available alternatives requirement, dual-registrant capacity issues, and how Reg BI differs from FINRA suitability rules. Useful if you're building compliance procedures, evaluating whether a specific interaction counts as a recommendation, or prepping for SEC examinations. The care obligation section is detailed on cost comparison documentation, which tends to be where firms trip up.

skills.sh installs: 675
GitHub stars: 224
last updated: Aug 21, 2026

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Install

$ npx -y skills add joellewis/finance_skills --skill reg-bi --agent claude-code

Installs into .claude/skills of the current project.

Files

SEC Regulation Best Interest (Reg BI)

Regulatory status current as of June 2026 — verify effective dates, dollar thresholds, and pending rulemakings against current SEC/FINRA/FinCEN sources before advising.

Core Concepts

What Constitutes a "Recommendation" Under Reg BI

Reg BI applies whenever a broker-dealer or associated person makes a "recommendation" to a "retail customer" of any securities transaction or investment strategy involving securities, including account type recommendations. The SEC adopted the existing FINRA framework for what constitutes a recommendation but expanded its scope:

SKILL.md on GitHub

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