In June last year, the SEC adopted its so-called “Regulation Best Interest,” proclaiming that it would protect investors from the rampant conflicts of interest among broker-dealer advisers that cost everyday American investors tens of billions of dollars a year in lost savings. On Friday, January 3, 2020, Better Markets and the Consumer Federation of America joined together and filed a “friend of the court” brief.  Better Markets followed-up the brief today with a fact sheet that summarizes the grounds on which the court should invalidate the rule.