Regulatory Compliance

Regulatory Compliance

Regulatory Compliance covers compliance with ethical codes of conduct as well as those promulgated by FINRA and the SEC. Much of the interaction a plan advisor has with plan sponsors and participants is governed by ERISA and agencies like the Department of Labor. But as registered reps or investment advisory reps, their conduct and activity are also regulated by FINRA and the SEC. In turn, broker dealers and registered investment advisors must also adhere to the rules relating to retirement plans, as well as their representatives’ interaction with the investing public. All these topics are covered by Portal Conductor Jason Roberts, CEO of the Pension Resources Institute.

What Happens in Vegas…

The Silver State — with little fanfare and precious little notice — on July 1 enacted legislation that subjects broker-dealers and advisors doing business in Nevada to a new fiduciary standard, and one that explicitly allows the client to sue under state law. And it might inspire similar actions in other states.   Read More

What the DOL FAQs Did Not Do

The recent DOL FAQs provided relief in situations where an advisor provided a non-fiduciary service to an ERISA plan prior to the applicability date of the fiduciary regulation, but became a fiduciary on June 9 solely because of the change of definition. However, there are situations that the FAQs did not address.   Read More