Regulatory Outlook | 04.18.18
BISA Presents SEC EW Fiduciary Rule Proposal Webinar
Please join us on April 24, 2018 at 4:00-5:00 PM ET to learn more about the SEC’s EW fiduciary rule proposal. Eversheds Sutherland attorneys Cliff Kirsch and Ben Marzouk will lead a webinar dissecting the SEC’s new proposal, which impacts the standard of care imposed on registered broker-dealers and investment advisers. The webinar will touch on each of the three proposals set forth:
- Regulation Best Interest – Requires broker-dealers to act in the best interest of retail customers when making securities recommendations, and not place its financial interests ahead of the customer in making recommendations.
- Form CRS and Titles – Requires broker-dealers and investment advisers to provide customers with brief relationship summary document at beginning of relationship, and restricts broker-dealers from referring to themselves as “adviser” or “advisor” in their name or title.
- Investment Adviser Interpretation – Proposed interpretation clarifying and reaffirming the SEC’s view of the fiduciary duty applicable to investment advisers, and also requests public comment on certain licensing, continuing education, and financial responsibility requirements for investment advisers.
Click the link below to register for this timely webinar, then gather your team and tune in on April 24.
Cliff Kirsch is a partner in Eversheds Sutherland’s New York City office, and Ben Marzouk is an associate in Eversheds Sutherland’s Washington, D.C. office. Cliff and Ben have co-authored the “Broker-Dealer Standard of Care” chapter in PLI’s Broker-Dealer Regulation treatise, and Ben also serves as a member on BISA’s Regulatory & Compliance Advisory Board.