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Developments in the Regulation of Fiduciary Investment Advice  (Volume 51, Number 18–October 24, 2018)

Author:  Gwendolyn A. Williamson.; Matthew S. Williams.; Thomas M. Ahmadifar.

Source: Volume 51, Number 18, October 15 2018 , pp.215-232(18)

Review of Securities & Commodities Regulation


Earlier this year, the SEC released extensive proposals seeking industry input on existing standards of care for investment advisers and broker/dealers serving retail investors and on the implementation of new standards. The authors describe the history and current status of the DOL fiduciary rule that the SEC proposals would replace and then turn to a detailed exploration of the proposals and the initial response to them. They close with an overview of state-level developments affecting fiduciary investment advice.

Keywords: DOL Fiduciary Rule; Chamber of Commerce of the United States of America v. U.S. Department of Labor; Proposed Regulation Best Interest (“Reg BI”); Form CRS; Fiduciary Duty Interpretation

Affiliations:  1: Perkins Coie LLP; 2: Perkins Coie LLP; 3: Perkins Coie LLP.

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