How to Navigate the Evolving Standards of Care for Retail Investment Advice (Volume 57, Number 18—October 23, 2024)
Author: Lindsay B. Jackson.; Daniel R. Kleinman.; Natalie R. Wengroff.
Source: Volume 57, Number 18, October 15 2024 , pp.177-190(14)
Abstract:
Retail investment advice standards are converging. Financial institutions will want to develop a holistic and flexible framework for complying with the ever-changing rules from federal and state securities, retirement, insurance, and banking regulators.Keywords: Department of Labor (DOL) Fiduciary Standards; Duty of Care; Duty of Loyalty; Disclosure; Compliance Policies and Procedures; Reasonably Available Alternatives; Massachusetts Fiduciary Rule
Affiliations:
1: Morgan, Lewis & Bockius LLP; 2: Morgan, Lewis & Bockius LLP; 3: Morgan, Lewis & Bockius LLP.