September 25, 2020

Volume X, Number 269

SEC Announces Examination Priorities for Regulation Best Interest and Form CRS

On June 30, 2020, broker-dealers will be subject to a new standard of business conduct. Regulation Best Interest (“Regulation BI”) requires broker-dealers that make recommendations to retail investors to adhere to four new standards in addition to existing FINRA rules: disclosure, care obligation, conflicts of interest, and compliance. Both broker-dealers and registered investment advisers with retail clients will need to properly prepare and deliver Form CRS.

Your reminder to join securities regulatory attorneys from Polsinelli’s FinTech and Regulation Practice  as they discuss what is Regulation BI, what needs to be done to prepare for this new standard of conduct, best compliance practices, how to complete the Form CRS, and what the SEC staff will more closely review during inspections of broker-dealers and registered investment advisers with retail clients. CLE pending.

Speakers

 

Richard B. Levin

Chair of Polsinelli’s FinTech and Regulation Practice

 

Daniel L. McAvoy

Shareholder in Polsinelli’s Investment Funds Practice

 

Peter F. Waltz

Shareholder in Polsinelli’s FinTech and Regulation Practice

Event Location: 

Upcoming Legal Education Events

Tuesday, September 29, 2020 to Wednesday, September 30, 2020
Tuesday, September 29, 2020
Wednesday, October 14, 2020
Wednesday, October 14, 2020