Compliance Round-Up: City Bar Series on COVID-19’s Impact on Ethics and Compliance

Reg BI and Form CRS – Good Faith Implementation and Compliance Considerations

Originally held on Wednesday, October 28, 2020 | 9:00 am – 12:00 pm

Program Chair:
Patty P. Tehrani
Bloomberg Law Analyst

*Note: The program chair would like to acknowledge the valuable assistance of Karen McDonald, member of the Compliance Committee.

  • On June 5, 2019, the Securities and Exchange Commission (the SEC) published a series of rulemakings and interpretations. The package included Regulation Best Interest (Reg BI), the new standard of conduct for broker-dealers serving retail customers, and the Form CRS Relationship Summary (Form CRS), a new form that brokers and advisers must provide to investors.

    This program will provide an overview of each rule, implementation considerations, and best practices on Reg BI and Form CRS, which required compliance by June 30, 2020. The program will also cover related efforts by states on regulating recommendations to customers.

    We hope the program will be useful for any practitioner responsible for providing legal or compliance advice to broker-dealers or investment advisers. An inventory of reference materials will also be made available to supplement the discussion on the new standards. Each panel will cover key aspects of the designated topic examining with details provided below:

    • Highlights of the relevant rule
    • Special considerations and challenges
    • Best practices for compliance

    (Note: The package also included two interpretations under the Investment Advisers Act of 1940, which will not be covered by this program.)

    Program Fee:
    $149 For Members | $249 For Nonmembers

    Members who are Recent Law Graduates, Newly Admitted Lawyers (admitted for the first time in any state or country 2018-2020), Judges, or attorneys that practice within the Government, Academic or Not-for-Profit sectors attend this program for free.

  • 9:00am – 9:55am
    Reg BI Compliance: Good Faith Implementation and Compliance

    9:55am – 10:00am

    10:00am – 10:55am
    Form CRS Compliance: Good Faith Implementation and Compliance

    10:55am – 11:00am

    11:00am – 11:55am
    State Standards of Care: Implications for the SEC Standards of Care

    11:55am – 12:00pm
    Wrap Up

  • Moderators:

    Anthony J. Bosco
    Special Counsel
    Zeichner Ellman & Krause

    Terri Liftin
    Legal Counsel, CCO, and member of the Executive Committee,
    Raith Capital Partners, LLC

    Sharanya Mitchell
    Senior Vice President and Senior Global Regulatory Counsel
    Cohen & Steers Capital Management


    David C. Boch
    Morgan, Lewis & Bockius LLP

    Evan Charkes
    Managing Director and Associate General Counsel
    Bank of America

    A. Valerie Mirko
    Baker & McKenzie LLP

    William Peterson
    Ellenoff Grossman & Schole LLP

    Brynn Rail
    Ropes & Gray LLP

    Peter Rasmussen
    Bloomberg Law Analyst

    Shannon Salinas
    Assistant General Counsel – Retirement Policy
    Investment Company Institute

    Susan Schroeder
    Wilmer Hale LLP

    James D. Wrona
    VP and Associate General Counsel

  • CLE Credit
    New York:
    3.0 Professional Practice
    New Jersey:
    3.0 General
    2.5 General
    2.5 General
    Connecticut: Available to Licensed Attorneys

  • Sponsoring Association Committee:
    Compliance, Patrick T. Campbell, Chair
    Futures & Derivatives Regulation, Gary Edward Kalbaugh, Chair

    Sponsorship Opportunities are Available! Please Contact:
    Angie Avila, Manager, Membership Outreach and Sponsorships | (212) 382-6608 |