5g. IA – Investment Adviser Standard of Conduct


This session will dissect the Commission’s recent interpretation of the Standard of Conduct for Investment Advisers under the Investment Advisers Act of 1940 (“Advisers Act”). This exercise will begin with a review of the history of an adviser’s fiduciary duty, and then will deep dive into the current iteration with a discussion of the underlying Duty of Care and the Duty of Loyalty.
Learning Objectives:
• Understand the impetus of the investment adviser’s fiduciary duty.
• Analyze the principles underlying the Duty of Care (such as the duty to seek best execution)
• Learn how to act under the Duty of Loyalty (What is full and fair disclosure? How to act in the client’s best interest?)
• Apply the nuances of the current day interpretation to industry practice

Sponsored by:

Forum Panel                        Program Level: Intermediate Date: October 22, 2019 Time: 9:50 am - 11:05 am Ivy Duke James Lundy