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Broker-Dealer Retail Wealth Management 2017: Current Legal and Compliance Issues Facing Dual Registrants

Recorded on: Feb. 14, 2017
Running Time: 04:07:23

Full Transcript:



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Broker-dealers that are dually registered as investment advisers are under intense regulatory scrutiny.  In this program, you will be provided with expert analysis regarding today’s hot topics impacting the relevant regulatory framework, as well as practical considerations regarding the design and implementation of such programs. A distinguished faculty of practitioners and regulators will review current regulatory initiatives and recent examination and enforcement activity to give attendees a multi-faceted perspective on requirements and best practices in this area.

You will learn:

  • SEC and FINRA scrutiny of broker-dealer supervision of advisory activity
  • The SEC’s conflicts of interest initiative
  • The impact of DOL’s new conflicts rule
  • What are the limits and extent of FINRA’s jurisdiction with respect to broker-dealer advisory activity
  • What are the lessons learned from recent SEC and FINRA enforcement actions?
  • Current exam initiatives

This program is designed for legal and compliance professionals at broker-dealers and advisers.  We will also frame the discussion so that anyone entering the financial services industry will benefit from the program's thorough grounding regarding the basic regulatory compliance governing broker-dealers and advisers.

Lecture Topics [Total time 04:07:23]

Segments with an asterisk (*) are available only with the purchase of the entire program.


  • Welcome and Introduction* [00:03:13]
    Clifford E. Kirsch
  • Broker-Dealer Retail Wealth Management: The Regulatory Framework [01:36:42]
    Clifford E. Kirsch, Cece Baute Mavico, John C. Munch
  • SEC/ FINRA Exam and Enforcement: Practical Compliance Considerations Retail Wealth Management [01:15:20]
    Lisa M. Francomano, Joseph M. Gallo, Cece Baute Mavico, John C. Munch
  • Dual-Registrant Advice in the Retirement Marketplace [01:12:06]
    Jason C. Roberts

The purchase price of this Web Program includes the following articles from the Course Handbook available online:


  • COMPLETE COURSE HANDBOOK
  • Broker-Dealer Retail Wealth Management 2017: Current Legal and Compliance Issues Facing Dual Registrants—The Broker-Dealer and Adviser Uniform Standard of Care (February 8, 2017)
    Clifford E. Kirsch
  • Broker-Dealer Retail Wealth Management 2017: Current Legal and Compliance Issues Facing Dual Registrants—Supervision (February 8, 2017)
    Clifford E. Kirsch
  • FINRA Regulatory Framework Applicable to Dual Registrants
    Cece Baute Mavico
  • DOL Fiduciary Rule: Impact Analysis & Action Items for Dual-Registrants (December 11, 2016)
    Jason C. Roberts

Presentation Material


  • Broker-Dealer Retail Wealth Management/The Regulatory Framework - Operating as a Dual-Registrant
    Clifford E. Kirsch, Cece Baute Mavico, John C. Munch
  • Broker-Dealer Retail Wealth Management: Supervisory Challenges Operating as a Dual-Registrant
    Lisa M. Francomano, Joseph M. Gallo, Cece Baute Mavico, John C. Munch
  • Dual-Registrant Advice & DOL Fiduciary Rule
    Jason C. Roberts
Chairperson(s)
Clifford E. Kirsch ~ Eversheds Sutherland (US) LLP
Speaker(s)
Lisa M. Francomano ~ Executive Director, CCO, UBS Financial Services
Joseph M. Gallo ~ Senior Counsel, AVP, Lincoln Financial Network
Cece Baute Mavico ~ Senior Vice President and Associate General Counsel, LPL Financial
John C. Munch ~ General Counsel, SEI Investments Distribution Co.
Jason C. Roberts ~ Chief Executive Officer, Pension Resource Institute, LLC
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