MFDF Webinar: Mutual Fund CCO Compensation: The MPI Annual Survey (2019)
In June, the SEC adopted the long-awaited rulemaking package relating to the standard of conduct broker-dealers and investment advisers owe when providing advice to retail investors. The package includes:
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Regulation Best Interest – under which broker-dealers will be required to act in the best interest of a retail customer when making a recommendation of any securities transaction or investment strategy involving securities to a retail customer.
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Form CRS – under which registered investment advisers and broker-dealers will provide retail investors a short relationship summary that is intended to allow for comparability among the two different types of firms.
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Interpretation reaffirming and in some instances clarifying the SEC’s views of the fiduciary duty owed by investment advisers to all of their clients.
Sara Crovitz and Larry Stadulis will provide an overview of the package, focusing on practical implications for fund directors.
This webinar will be broadcast live from 2:00 to 3:00 Eastern Time on Thursday, September 12, 2019. Register online.