The staff of the Securities and Exchange Commission’s (SEC) Division of Investment Management released frequently asked questions (FAQs) on October 18, 2019, which discuss certain compensation arrangements and related...more
10/30/2019
/ Broker-Dealer ,
Conflicts of Interest ,
Division of Investment Management ,
Duty of Loyalty ,
Fiduciary Duty ,
Form ADV ,
Investment Adviser ,
Mutual Funds ,
Revenue Sharing ,
Sale of Assets ,
Securities and Exchange Commission (SEC) ,
Share Class Selection Disclosure Initiative (SCSD)
In light of the significance of the final rules and commission interpretations issued by the Securities and Exchange Commission (SEC) on June 5, 2019, Drinker Biddle & Reath’s Best Interest Compliance Team is publishing a...more
As part of its “Reg BI Package”, approved on June 5, 2019, the Securities and Exchange Commission (the “SEC”) sought to clarify the fiduciary duty that an investment adviser owes to its clients under the Investment Advisers...more
7/24/2019
/ Broker-Dealer ,
Conflicts of Interest ,
Disclosure Requirements ,
Duty of Care ,
Duty of Loyalty ,
Fiduciary Duty ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Regulation Best Interest ,
Securities and Exchange Commission (SEC) ,
Securities Transactions ,
Standard of Conduct