Regulation Best Interest: Understanding SEC Reform and How it Affects the PDI Industry

On June 5, the SEC approved a 4 part investment advice reform package including Regulation Best Interest, a comprehensive proposal to solidify client standard of care guidelines. This call takes a closer look at how certain standards are reinforced and what new standards the SEC has promulgated.

In addition, we extrapolate potential outcomes and how Regulation Best Interest might impact your firm and how to reconcile suitability standards and corresponding fiduciary rules including state level action.

Moderator:
Anya Coverman, SVP Government Affairs and General Counsel, Institute for Portfolio Alternatives

Panelists:
John Grady, Partner, DLA Piper
Mark Quinn, Director of Regulatory Affairs, Cetera Financial Group
Adam Warot, VP and Associate Counsel, Compliance, Legal & Risk, LPL Financial

Listen to Recording: