Unpacking the Fiduciary Rule Proposal: Lines Drawn, Standards Raised, but Still More to Play Out
May 1, 2018 by Rich Blake
On April 18, the SEC released its much-anticipated proposed set of fiduciary rules for broker/dealers. As the 90-day public comment period now gets underway, there are several key components of the proposal stirring debate with some particularly thorny issues — such as precisely how “best-interest” standards will be defined — that are still in need of further clarity.
To help shed detailed insight on the most important aspects of this ongoing rule revision process, on April 24, BISA hosted a webinar, “Connecting the Dots: The SEC Fiduciary Rule Proposal,” featuring partners at Eversheds Sutherland, Cliff Kirsch and Michael Koffler, as well as Ben Marzouk, associate attorney at Eversheds Sutherland, who heads the firm’s broker/dealer team in Washington, D.C.
Click HERE to read the full story via BISA Portfolio Weekly.