• Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
Securities Docket
FTI 480x60
  • Class Actions
  • Criminal
  • Global
  • People
  • SD Insider
  • SEC
  • Video
  • Subscribe by email
  • Subscribe
Browse: Home / 2018 / June / 11 / SEC assigns ‘duty of loyalty’ for financial advisers | Employee Benefit News

SEC assigns ‘duty of loyalty’ for financial advisers | Employee Benefit News

By Securities Docket on June 11, 2018, 8:41 am

The rules, as they pertain to RIAs, are essentially a reaffirmation of behavior that already is acknowledged in the industry plus a few clarifications, says Jim Lundy, a partner in Drinker Biddle & Reath LLP’s Chicago office and a securities lawyer.

“The takeaway is this is not new guidance,” he says. It reaffirms aspects of fiduciary duty that are spelled out under Section 206 of the Investment Advisers Act. But the words “fiduciary duty” never appear in the advisers act, he adds.

via SEC assigns ‘duty of loyalty’ for financial advisers | Employee Benefit News.

Blog Widget by LinkWithin

Posted in SEC, Top | Tagged Fiduciary Duty

« Previous Next »

Subscribe

‘Enforcement 40’ for 2020

Securities-Docket_Medium-Rectangle_CaseStudyArrow

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2022 Securities Docket.

Powered by WordPress and Hybrid.