Compliance Round-Up: City Bar Series on COVID-19’s Impact on Ethics and Compliance
(Webcast) Reg BI and Form CRS – Good Faith Implementation and Compliance Considerations
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.
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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:
$199 For Members | $299 For Nonmembers
In-House Counsel: Free for Members | $249 for NonmembersMembers 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.
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9:00am – 9:55am
Reg BI Compliance: Good Faith Implementation and Compliance9:55am – 10:00am
Break10:00am – 10:55am
Form CRS Compliance: Good Faith Implementation and Compliance10:55am – 11:00am
Break11:00am – 11:55am
State Standards of Care: Implications for the SEC Standards of Care11:55am – 12:00pm
Wrap Up -
Moderators:
Anthony J. Bosco
Special Counsel
Zeichner Ellman & KrauseTerri Liftin
Legal Counsel, CCO, and member of the Executive Committee,
Raith Capital Partners, LLCSharanya Mitchell
Senior Vice President and Senior Global Regulatory Counsel
Cohen & Steers Capital ManagementFaculty:
David C. Boch
Partner
Morgan, Lewis & Bockius LLPEvan Charkes
Managing Director and Associate General Counsel
Bank of AmericaA. Valerie Mirko
Partner
Baker & McKenzie LLPWilliam Peterson
Partner
Ellenoff Grossman & Schole LLPBrynn Rail
Partner
Ropes & Gray LLP
Peter Rasmussen
Bloomberg Law AnalystShannon Salinas
Assistant General Counsel – Retirement Policy
Investment Company InstituteSusan Schroeder
Partner
Wilmer Hale LLPJames D. Wrona
VP and Associate General Counsel
FINRA -
CLE Credit
New York: 3.0 Professional Practice
New Jersey: 3.0 General
California: 3.0 General
Pennsylvania: 2.5 General
Connecticut: Available to Licensed Attorneys -
Sponsoring Association Committee:
Compliance, Patrick T. Campbell, Chair
Futures & Derivatives Regulation, Gary Edward Kalbaugh, ChairSponsorship Opportunities are Available! Please Contact:
Angie Avila, Manager, Membership Outreach and Sponsorships | (212) 382-6608 | aavila@nycbar.org______________________________________________________________