Comparing the DOL Proposal to the Broker-Dealer and RIA Standards of Conduct
By EsqSocial Corporation 21/10/20
Our recent blog post compared the SEC’s standard of conduct for broker-dealers under Regulation Best Interest (Reg BI) with the standard of conduct for registered investment advisers (RIAs) under the SEC’s Interpretation Regarding Standard of Conduct for Investment Advisers (the RIA Interpretation). Here, we add a comparison of the Department of Labor’s (DOL’s) proposed prohibited transaction exemption, which includes in the preamble an expanded interpretation of who qualifies as an investment...
By: Faegre Drinker Biddle & Reath LLP