Best Execution

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Best Execution

A rule requiring brokers to always execute orders for clients at the best possible price. The SEC requires brokers to follow the best execution rule in order to protect investors.
References in periodicals archive ?
Therefore, an adviser must make such recommendations in accordance with FINRA’s suitability requirements in FINRA Rule 2111 and best execution requirements in Rule 5310.
According to Bourse Direct, the move is an effort to comply with MiFID's best execution requirements.