transcript   Transcript

SEC’s Fiduciary Rulemaking -- The Proposed Rules Are Unveiled

Recorded on: May. 11, 2018
Running Time: 01:03:50

Full Transcript:

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In addition to the credits listed to the right, this program also offers credit for ABA professional certification. SEC’S Fiduciary Rulemaking—The Proposed Rules Are Unveiled has been approved for 1.25 CRCM and 1.25 CTFA credits. This statement should not be viewed as an endorsement of this program or its sponsor.

Taken from the Audio-only Briefing Recorded May 2018 in New York
SEC’s Fiduciary Rulemaking -- The Proposed Rules Are Unveiled [01:03:50]

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 

Presentation Material
  • The SEC’s Proposed Reforms - Standard of Conduct for Investment Professionals
    Clifford E. Kirsch, W. Mark Smith, Sarah G. ten Siethoff
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