Navigating the Various Standards of Care/Conduct

Reg BI dramatically changed a landscape once dominated by a suitability standard of care and fiduciary standard of conduct. Various standards have since arisen (e.g. DOL, NAIC, state securities, etc.), each posing overlapping regulatory and compliance challenges.  This panel will discuss how they have implemented these different standards of care/conduct with their firm in a succinct but still compliant manner.  They will also offer best practices to consider as regulators evaluate future rulemaking.

Learning Objectives:

  • Learn how firms have implemented the different standards of care/conduct
  • Review recent enforcement cases regarding the different standards of care
  • Demonstrate different opportunities to leverage existing disclosures and business processes to reduce repetitiveness
  • Discuss how to train and communicate on the different standards of conduct/care in an effective and easy to understand manner