Best Interest Standard of Care for Advisors #31
Regulation Best Interest: Best Interest and Suitability—How They Differ (Part 2) Regulation Best Interest (Reg BI) imposes a “best interest” standard of care on broker-dealers for their recommendations of securities and investment strategies to retail customers. That raises the question, what does best interest mean and how does it differ from suitability? While the discussion […]
Best Interest Standard of Care for Advisors #30
Regulation Best Interest: Best Interest and Suitability-How They Differ (Part 1) Regulation Best Interest (Reg BI) imposes a “best interest” standard of care on broker-dealers for their recommendations of securities and investment strategies to retail customer. That raises the question, what does best interest mean and how does it differ from suitability? That’s a hard question […]
Best Practices for Plan Sponsors #12
Lessons Learned from Litigation (#5)—The Johns Hopkins Case This is the twelfth in a series of articles about Best Practices for Plan Sponsors. To be clear, “best practices” are not the same as legal requirements. Instead, they are about better ways to manage retirement plans. In many cases, though, “best practices” also are good risk […]
Best Interest Standard of Care for Advisors #10
Regulation Best Interest: The Focus on Costs (Part 2) The SEC has issued its final Regulation Best Interest (Reg BI), Form CRS Regulation, RIA Interpretation and Solely Incidental Interpretation. I am discussing the SEC’s guidance in a series of articles entitled “Best Interest Standard of Care for Advisors.” ______________________________________________________________________ The SEC’s Reg BI establishes a […]
Best Interest Standard of Care for Advisors #9
Regulation Best Interest: The Focus on Costs (Part 1) The SEC has issued its final Regulation Best Interest (Reg BI), Form CRS Regulation, RIA Interpretation and Solely Incidental Interpretation. I am discussing the SEC’s guidance in a series of articles entitled “Best Interest Standard of Care for Advisors.” The SEC’s Reg BI establishes a best […]
Best Practices for Plan Sponsors #9
Lessons Learned from Litigation (#2)—the Vanderbilt Case This is the ninth of the series about Best Practices for Plan Sponsors. Plan sponsors should be aware of the latest trends in fiduciary litigation in order to manage the risk of being sued and, if sued, of being liable. In my post, Best Practices for Plan Sponsors […]