Course Description:
Even in light of recent court decisions, investment advisers and broker-dealers still need to be aware of recent Department of Labor (DOL) regulatory initiatives and, more importantly, your broader fiduciary requirements. The presentation focuses on the decisions, processes, and documentation around rollover, account type and product recommendations to clients or prospective clients. We offer a discussion of the latest DOL rule news, Reg BI, and financial firms’ fiduciary duty. This is a dynamic and rather complex regulatory requirement that retail advisers need to master.
Learning Objectives:
After attending this course, attendees should be able to:
- Learn how an investment adviser avails itself of the exemption.
- Review the PTE 2020-20 requirements and strategies for compliance, including the annual retrospective review.
- Identify ways to improve your own processes, policies, procedures and disclosures to comport with DOL requirements.
For Whom: Chief Compliance Officers, Management Compliance Staff at all levels, Legal Counsel, Trading Personnel Persons involved with monitoring client portfolios
Suggested Skill Level: Intermediate
Instructional Method: Group Internet-Based
Pre-requisites for participation: No prerequisites are required. However, attendees can benefit by reviewing the Investment Advisers Act of 1940 to become familiar with the structure and terms.
Advance Preparation: None
Continuing Education Credits
COMPLY Continuing Education Guide
Recommended IACCP® CE Credit: 2
Recommended CPE Credit: 2 in the Regulatory Ethics field of study
Recommended CA MCLE Credit: 2