Webinar: SEC Rules and Interpretations Related to Fiduciary Duty and Standards of Conduct

USA

The U.S. Securities and Exchange Commission "SEC" has recently adopted a new package of rules and interpretations aimed at enhancing the quality and transparency of retail clients' relationships with investment advisers and broker-dealers. The new rules are designed to bring the legal requirements and mandated disclosures in line with reasonable client expectations, while preserving access – in terms of cost and choice – to a variety of investment services and products.  Specifically, the SEC package includes:

  • An interpretation of the fiduciary duty that investment advisers owe to their clients under the Investment Advisers Act of 1940, as amended (the "Advisers Act");
  • A new Regulation Best Interest;
  • A new Form CRS relationship summary; and
  • An interpretation of the ‘solely incidental’ prong of the broker-dealer exclusion under the Advisers Act.

Please join experts from K&L Gates as they present an informative webinar exploring the new regulatory package with a main focus on the investment adviser fiduciary duty interpretation given the interest from members in this specific area.

Speakers:

  • Richard F. Kerr, Partner, K&L Gates
  • Pablo J. Man, Partner, K&L Gates
  • Eden L. Rohrer, Partner, K&L Gates