See Credit Details Below
Overview
On April 18, the SEC proposed a comprehensive rule set governing the fiduciary duty and standard of conduct applicable to broker-dealers and advisers that provide investment advice to retail investors. The proposed rules would require BD/IAs to summarize their relationship to investors; establish a BD best interest standard of conduct when recommending securities transactions; restrict the use of the term "adviser" or "advisor" by broker-dealers in specified circumstances; and require advisers to adhere to a new SEC standard of conduct interpretation.
In this One-Hour Briefing, we will:
- Provide a comprehensive overview of the proposed rules as they apply to broker-dealers and investment advisers
- Discuss next steps while the rules are open for comments
- Provide analysis as to practical compliance considerations in connection with the proposed new requirements
Program Level: Intermediate
Intended Audience: In-house counsel, outside attorneys, other professionals who provide regulatory advice and compliance services for broker-dealers and advisers
Prerequisites: A background in broker-dealer and adviser regulation
Advanced Preparation: None