---
title: "Regulation Best Interest recommendation review checklist"
url: "https://ailawframework.com/precedents/financial-services-regulation/us-reg-bi-recommendation-checklist"
type: "precedent"
site: "AI Law Framework"
id: "a28-us-reg-bi-recommendation-checklist"
area_id: "A28"
kind: "checklist"
ai_level: "yellow"
version: 1
task_ids: ["A28-T1-R4"]
law_stated_as_at: "2026-10-22"
---

# Regulation Best Interest recommendation review checklist

> Review checklist for a recommendation by a broker-dealer to a retail customer, using the four obligations in Rule 15l-1. It does not decide that a recommendation was in the customer's best interest.

Canonical page: https://ailawframework.com/precedents/financial-services-regulation/us-reg-bi-recommendation-checklist  
Law stated as at: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

- Kind: Checklist. Steps or checks to work through and tick off.
- Practice area: [Financial Services Regulation](https://ailawframework.com/precedents/financial-services-regulation.md)
- Jurisdictions: United States
- AI level: Yellow. You and the tool draft together, with you directing. You check every statement you rely on.
- Law stated as at: 2026-10-22
- Status: Maintained. Checked on 2026-10-22 against the authority it cites, for United States.

## When to use it

Use when reviewing a sample of recommendation files against Regulation Best Interest. Do not use it as Form CRS, or as a conclusion that the recommendation met the rule.

## Used for these tasks

- [Review a sample of advice files against the best-interests steps](https://ailawframework.com/practice/financial-services-regulation/review-a-sample-of-advice-files-against-the-best-interests-steps.md)

## How AI may be used

Yellow: the lawyer reviews each file and decides whether the four obligations were met.

**AI may:**

- Set out the disclosure, care, conflict and compliance questions in the order of Rule 15l-1(a)(2).
- Record the retail-customer and investment-profile definitions as questions, not as findings.
- Leave every conclusion blank for the lawyer.

**AI must not:**

- Do not find that a recommendation was, or was not, in the retail customer's best interest.
- Do not write the disclosure that is given to the customer.
- Do not treat an Australian best-interests file note as if it were this rule.

**The lawyer checks:**

- Confirm the person is a broker, dealer, or natural person who is an associated person of a broker or dealer.
- Confirm the recipient is a retail customer as defined in the rule.
- Read the recommendation record before answering the care questions.

## Authorities

- [17 CFR § 240.15l-1 (Regulation Best Interest)](https://www.law.cornell.edu/cfr/text/17/240.15l-1)

## Full text and drafting notes

The full text and the drafting notes are not part of this public page. Signed-in firm accounts can read them at https://ailawframework.com/precedents/financial-services-regulation/us-reg-bi-recommendation-checklist and through the signed-in MCP connector https://ailawframework.com/mcp/firm.

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*