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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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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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