SEC’s proposed fiduciary duty and standards of conduct for broker-dealers and investment advisers

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The US Securities and Exchange Commission (SEC) has proposed its comprehensive standard of conduct rules, forms and interpretation, which would:

Require registered investment advisers and registered broker-dealers to provide a brief relationship summary to retail investors

Establish a standard of conduct for broker-dealers when making a recommendation of any securities transaction or investment See more +

The US Securities and Exchange Commission (SEC) has proposed its comprehensive standard of conduct rules, forms and interpretation, which would:

Require registered investment advisers and registered broker-dealers to provide a brief relationship summary to retail investors

Establish a standard of conduct for broker-dealers when making a recommendation of any securities transaction or investment strategy involving securities to a retail customer

Provide an interpretation regarding the fiduciary standard of conduct for investment advisers

Join Eversheds Sutherland for a webcast on May 8 as we help you analyze the proposed rules, forms and interpretation and dive into the many practical considerations that arise from the proposal, including:

How does a broker-dealer standard of conduct differ from an adviser’s fiduciary obligations?

What operational issues arise with the required disclosures?

What will advisers need to do to satisfy the SEC’s fiduciary standard of conduct? See less -

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