Updated November 18, 2020 After some trial and error, the SEC has adopted an “updated and more comprehensive” rule to govern the use of derivatives by registered funds and has...
November 18, 2020
Tags: Derivatives, Fiduciary
An Adviser’s Fiduciary Duty: How the Landscape Has Changed and What to Do About It
An Adviser’s Fiduciary Duty: How the Landscape Has Changed and What to Do About It By Lorna A. Schnase, Attorney at Law* July 10, 2020 Lorna A. Schnase Attorney...
July 10, 2020
Tags: Columns, Compliance Corner, Fiduciary, Form CRS, Reg BI
DOL Sends New Fiduciary Rule Proposal, Other Items to OMB
DOL Sends New Fiduciary Rule Proposal, Other Items to OMB June 9, 2020 The Department of Labor (DOL) has sent a proposal entitled “Improving Investment Advice for Workers and...
June 09, 2020
Tags: DOL, Fiduciary, SECURE Act
DOL Confirms DC Plans May Offer Options that Include Private Equity Investments
DOL Confirms DC Plans May Offer Options that Include Private Equity Investments June 9, 2020 The Department of Labor recently issued an Information Letter, in response to a request,...
June 09, 2020
Tags: DOL, ERISA, Fiduciary, Jay Clayton, Private Equity
Supreme Court Dismisses Case Brought by DB Plan Participants for Lack of Standing
Supreme Court Dismisses Case Brought by DB Plan Participants for Lack of Standing June 9, 2020 Justice Brett Kavanaugh In a 5-4 decision written by Associate Justice Brett Kavanaugh, the...
June 09, 2020
Tags: ERISA, Fiduciary, Supreme Court
New Reg BI FAQs Focus on Use of “Adviser” and “Advisor,” Dual-Hatted Employees
SEC staff issued several new FAQs on August 4 on the application of Regulation Best Interest (Reg BI) to dual registrants and dual-hatted employees that may be of interest to...
August 11, 2020
Tags: Dual Registrant, Fiduciary, Reg BI
Massachusetts Holds Hearing on Fiduciary Proposal
Massachusetts Holds Hearing on Fiduciary Proposal Securities Division Says SEC’s Reg BI Fails to Protect Investors from Conflicts of Interest Updated January 16, 2020 The Massachusetts Securities Division issued...
January 16, 2020
Tags: Fiduciary, Massachusetts, Preemption, States
Massachusetts Issues Fiduciary Proposal, Sets January 7 Hearing
Massachusetts Issues Fiduciary Proposal, Sets January 7 Hearing Securities Division Says SEC’s Reg BI Fails to Protect Investors from Conflicts of Interest December 18, 2019 The Massachusetts Securities Division...
December 18, 2019
Tags: Fiduciary, Massachusetts, Preemption, States
In a Victory for IAA Advocacy, Massachusetts Drops SEC-Registered Investment Advisers, Representatives from Fiduciary Standard of Conduct Regulations February 21, 2020 As advocated by the IAA, the Massachusetts Securities...
February 21, 2020
Tags: Fiduciary, Massachusetts, States
Oklahoma Proposes Fiduciary Rule for Investment Advisers
Oklahoma Proposes Fiduciary Rule for Investment Advisers March 11, 2020 Oklahoma recently proposed amendments to its investment adviser regulations. Most of the proposed regulations apply only to investment advisers...
March 11, 2020