Podcast appearances and mentions of reg bi

In this podcast episode, Kevin Thompson RICp®, CFP® discusses the insurance industry's opposition to the Regulation Best Interest (RBI) rule established by the SEC. He explains that the Reg BI rule mandates broker-dealers to act in the best interest of their retail customers, enhancing transparency and accountability in financial advising. Kevin critiques the insurance lobby's resistance, highlighting concerns about increased regulatory burdens, potential sales reductions, and conflicts with state regulations. He advocates for a standardized fiduciary approach to ensure consumer protection and emphasizes ongoing engagement and support for clients. Discussion on Best Interest Contract (00:01:13) Overview of Regulation Best Interest (00:02:00)Key Components of Regulation Best Interest (00:03:09) Insurance Lobby's Opposition (00:04:48) Impact on Commission-Based Models (00:07:58) Lack of Clarity in Regulation (00:09:10) Fiduciary Standard vs. Suitability Standard (00:10:25) Ongoing Client Engagement (00:11:16) Future Conversations on the Topic (00:12:17) Conclusion and Call to Action (00:13:08) Follow Us: youtube: https://www.youtube.com/channel/UCw9yLfTDBAprrLWvmcT6fFAlinekdin: https://www.linkedin.com/in/kevin-thompson-ricp%C2%AE-cfp%C2%AE-74964428/ X: https://x.com/MLB2CFP facebook: https://www.facebook.com/MLB2CFP Website: http://www.9icapitalgroup.com Hit the subscribe button to get new content notifications. Corrections: Editing by http://SwoleNerdProductions.com

In today's our experts discuss an area where FINRA spends a lot of resources – Communications and Sales.  We'll look at challenges our clients are facing and best practices when it comes to:·       Communications with the Public and Advertising·       Reg BI and its focus on the Care Obligation·       Complex Products, from variable annuities to private placementsOyster Consulting has the expertise, experience and licensed professionals you need, all under one roof. Follow us on LinkedIn to take advantage of our industry insights or subscribe to our monthly newsletter. Does your firm need help now? Contact us today!

FINRA Enforcement works tirelessly on the front lines of investor protection, whether looking into cases of fraud or ways that bad actors try to manipulate the markets. This tremendous undertaking demands steadfast leadership. On this episode, we meet Bill St. Louis, the former head of FINRA's National Cause and Financial Crimes Detection Program and FINRA's new Executive Vice President and Head of Enforcement, to learn more about the man at the helm and what's on the horizon for Enforcement in the new year.Resources mentioned in this episode:2024 FINRA Annual Regulatory Oversight ReportFINRA Enforcement HomepageFINRA Names Bill St. Louis as New Head of EnforcementFINRA Fines BofA Securities $24 Million for Treasuries SpoofingFINRA Expels Monmouth Capital ManagementQualification Exams

As a self-regulatory organization, information sharing is key to FINRA's pursuit of its mission of investor protection and market integrity, and no single resource is a better example of that than FINRA's Annual Regulatory Oversight Report. On this episode, Ornella Bergeron, Senior Vice President of Risk Monitoring, Omer Meisel, Executive Vice President of the National Cause and Financial Crimes Detection Program, Claire O'Sullivan, Vice President and Regulatory Advisor of Stakeholder Engagement, and Michael Solomon, Senior Vice President of Examinations, join us to discuss highlights from the 2024 report.Resources mentioned in this episode:2024 FINRA Annual Regulatory Oversight ReportReg Notice 23-20: Guidance and Resources Related to Regulation Best InterestReg Notice 23-11: Concept Proposal for a Liquidity Risk Management RuleReg Notice 21-35: Proposed Order Routing Disclosure RequirementsSEC FAQ on Form CRSCAT NMS Plan WebsiteEpisode 136: An Introduction to FINRA's Crypto Asset Work and the Crypto HubEpisode 137: The Crucial Role of FINRA's CAI TeamEpisode 138: FINRA's Blockchain LabEpisode 129: A New Twist on New Account Fraud

Episode 3: The new reality of Reg BI & why brokers and advisers will continue to butt heads. by The InvestmentNews Podcast

D.C. correspondent Mark Schoeff Jr. joins Bruce and Jeff to look at the full impact of the Biden/Harris administration on the advisory business. What will change quickly, what won't, and what happens to Reg BI? Then Emile Hallez shares insights from the RPA Convergence events.

Bruce takes the pod solo this week and interviews InvestmentNews senior reporter Mark Schoeff Jr. about the SEC's lawsuit against Western International Securities Inc. There's much to unpack about the lawsuit, which involves GWG bonds and violations of Reg BI. Bruce and Mark talk through the specific charges, how effective Reg BI has been during its two years of operation, and the potential outcome of the case. Guest Bio: Mark Schoeff Jr. is a senior reporter at InvestmentNews. Based in Washington, D.C., he covers legislation and regulations affecting retail investment advisers and brokers. Prior to joining InvestmentNews in 2010, he wrote about employment and labor law for Workforce Management, a magazine that was published at the time by Crain Communications. He is a member of the National Press Club board. Before migrating to the editorial side of the journalism ecosystem, he served as press secretary for the late Sen. Richard Lugar of Indiana and as director of external relations for the Center for Strategic and International Studies, a think tank in Washington. In a region where people keep their hometown loyalties intact, he has lived in the Washington area long enough to become an actual fan of the Nationals, Wizards, Capitals and the Washington Football Team. He earned a bachelor's degree from Purdue University and a master's degree from George Mason University.

As part of our podcast series talking about FINRA's 2023 Exam Priorities, today our experts share best practices and what we are hearing from our clients and the industry at large on Reg BI, Sales and Communications.    Oyster Consulting has the expertise, experience and licensed professionals you need, all under one roof. Our seasoned industry leaders provide consulting, outsourcing and software to help you plan, manage risk, achieve compliance and optimize operations so you can focus on running and growing your business.Follow us on LinkedIn to take advantage of our industry insights or subscribe to our monthly newsletter. Does your firm need help now? Contact us today!

In the latest Thomson Reuters Institute Insights podcast, we spoke with Todd Ehret, of Thomson Reuters Regulator Intelligence, about the state of compliance described in the recently published white paper, 10 Global compliance concerns for 2023. Now, as we come from the geopolitical concerns that caused a tumultuous 2022, we look ahead to what 2023 may have in store, including new concerns over environmental, social & governance issues and new impactful regulations such as Reg BI.

Jason talks to Dave Carr-Pries, Vice President – consulting services at InvestorCom. Today they are going to talk about how the implementation of CFR and Reg BI has basically panned out in the last year and where the successes and challenges are? Episode Highlights1.31: InvestorCom is a fintech company, they provide software really focusing on helping the industry make better financial decisions, and with that means their focus is on compliance solutions that aim to make being compliant as intuitive as possible and removing friction and barriers from advisors of dealers. 2.58: Without an advisor or an investor doing anything, when fund companies change their products or things change about their products, suddenly a portfolio may become unsuitable, says Dave.7.23: Dave discusses what is the kind of data points for the elements that you look for significant change.09.30: People like complaining about work and it's like this is not hard. You need to have investment thesis for how you actually manage portfolios and do it consistently and then you just have to look for changes that are pertinent to that, says Jason.14.02: Dave shares how they filter and pass data down to people and give them what to look at.15.30: When an advisor is presented with kind of a relative comparison, things do move slowly and we are starting to see a trend and making recommendations of products that stack up, says Dave.17.40: Jason discusses how it is not hard from the advisory perspective to have a documented process.20.01: Anyone who just basically buys nothing, but passive indexes have an easy time says Jason.22.01: As an advisor professional judgment is about identifying red flags and if there are any red flag be prepared to document your justification relative to those flags.29.30: We put out a process, our documentations are in place, this is really called practice management 101, says Dave.31.02: To not think through the advisor experience and how to make this a manageable experience is a gross failure of management like that, says Dave.3 Key PointsJason and Dave talk about the big changes in regulations both in Canada and US and InvestorCom dealt with the changes. Dave explains how they have taken self-monitor solution that builds the industry audit trail and added advisor alerts. Dave shares that they are working on the product recommendation side and how to do that product comparison or consideration of primitives.Tweetable Quotes"People probably made decisions that weren't good or interpretations that the regulator won't agree to." - Jason"This kind of change management or change monitoring process mean thanks to the regulator's kind of a new thing. So, no one really knows what that magnitude is." - Dave "My concern is people for shooting an arrow and then drawing the bullseye around it." – JasonResources MentionedFacebook – Jason Pereira's FacebookLinkedIn – Jason Pereira's LinkedInWoodgate.com – SponsorDave – LinkedIn Hosted on Acast. See acast.com/privacy for more information.

The best tool FINRA provides when it comes to firms developing their annual compliance program is now available. The 2023 Report on FINRA's Examination and Risk Monitoring Program provides key insights and observations on two dozen key regulatory topics, making it a must-read for compliance professionals. On this episode, Ornella Bergeron, Senior Vice President of Risk Monitoring, Michael Solomon, Senior Vice President of Examinations, and Bill St. Louis, Executive Vice President of the National Cause and Financial Crimes Detection Programs (NCFC), join us to dig into some of the new and noteworthy topics in the latest report. Resources mentioned in this episode:2023 Report on FINRA's Examination and Risk Monitoring ProgramEpisode 112: Introducing FINRA's Complex Investigations and Intelligence Team and Cyber and Analytics UnitEpisode 71: Overlapping Risks, Part 1: Anti-Money Laundering and Cybersecurity

June 30th marks the second anniversary of the implementation of Regulation Best Interest and Form CRS and we are celebrating with a deep dive into everything FINRA has learned on the topic over the last two years. On this episode, Meredith Cordisco, associate general counsel with the Office of General Counsel, Scott Gilbert, vice president covering the large diversified firm group and alternative net capital group within Member Supervision, and Nicole McCafferty, senior director with the National Cause and Financial Crimes Detection Program, join us to talk about how FINRA is examining around the new regulations and explore some of the common problem areas and effective practices when it comes to complying with all that is now required.How are we doing? Take the FINRA Unscripted survey today. Resources mentioned in this episode:SEC Reg BI Resource PageFINRA Reg BI Resource PageEpisode 63: Implementing a New Standard of CareEpisode 45: Preparing for a New Standard of CareEpisode 69: Excessive Trading: When A Lot Becomes Too Much2022 Report on FINRA's Exam and Risk Monitoring Program: Reg BI and Form CRSMarch 2022 SEC Staff Bulletin

Bruce takes the pod solo this week and interviews InvestmentNews senior reporter Mark Schoeff Jr. about the SEC's lawsuit against Western International Securities Inc. There's much to unpack about the lawsuit, which involves GWG bonds and violations of Reg BI. Bruce and Mark talk through the specific charges, how effective Reg BI has been during its two years of operation, and the potential outcome of the case.Related article:  Broker-dealers kept selling GWG's life settlement-backed bonds for years despite all the accounting and reporting static coming from the company.Guest Bio:Mark Schoeff Jr. is a senior reporter at InvestmentNews. Based in Washington, D.C., he covers legislation and regulations affecting retail investment advisers and brokers. Prior to joining InvestmentNews in 2010, he wrote about employment and labor law for Workforce Management, a magazine that was published at the time by Crain Communications. He is a member of the National Press Club board. Before migrating to the editorial side of the journalism ecosystem, he served as press secretary for the late Sen. Richard Lugar of Indiana and as director of external relations for the Center for Strategic and International Studies, a think tank in Washington. In a region where people keep their hometown loyalties intact, he has lived in the Washington area long enough to become an actual fan of the Nationals, Wizards, Capitals and the Washington Football Team. He earned a bachelor's degree from Purdue University and a master's degree from George Mason University.

Helen is the CEO and founder of Andes Wealth Technologies, a resource that combines behavioral finance with risk analytics to empower financial advisors to differentiate, satisfy Reg BI, and deliver hyper-personalized service. In today's episode, Doug and Helen talk about the importance of carefully examining each step in a financial service process, starting from the … Continue reading Episode 95 – The Power of Personalization for Financial Services – With Helen Yang →

Cryptocurrency, ESG, complex products, Reg BI — there's a lot happening in the securities regulatory and enforcement world. On this episode of the inSecurities podcast, Chris, Kurt, and InvestmentNews Senior Reporter Mark Schoeff Jr. break down some of the hot topics and trends. 

In February, FINRA issued its second Report on FINRA's Examination and Risk Monitoring program, a comprehensive document that combines elements of what used to be the annual Priorities Letter and the Examination Findings Report. The report can serve as a reference document, addressing more than 20 topics of interest for firms and regulators from Regulation Best Interest and Form CRS to cybersecurity and mobile apps. On this episode, J Koutros, vice president of risk monitoring standards, Joe Sheirer, vice president of the examination program, and Steve Polansky, senior director of special initiatives, join us to talk about the report, some key highlights and how firms can use this extensive document. Resources mentioned in this episode:2022 Report on FINRA's Examination and Risk Monitoring ProgramEpisode 79: Year in Review: The 2020 Exam and Risk Monitoring ProgramEpisode 80: Exam and Risk Monitoring Program: Responding to COVID-19 and Looking Ahead2022 FINRA Annual Conference

Oyster Consulting's experts give their insights on the 2022 Report on FINRA's Examination and Risk Monitoring Program. Topics include Reg BI, variable annuities, cybersecurity, Direct Business monitoring, SPACs, Private Placements and AML. 

Greg Ruppert joined FINRA in 2020 to form and lead the National Cause and Financial Crimes Detection Programs. Now, he's been tapped to lead Member Supervision, the team responsible for the surveillance and examination of FINRA member firms and for detecting and deterring activities that can cause investor harm. On this episode, we talk to Greg about how he views this transition in leadership and his goals and areas of focus in his new role.How are we doing? Take the FINRA Unscripted survey today. Resources mentioned in this episode:2022 Report on FINRA's Examination and Risk Monitoring ProgramEpisode 60: Introducing Greg Ruppert and the National Cause and Financial Crimes Detection ProgramsEpisode 86: FINRA's Financial Intelligence Unit: Connecting the Dots2021 Report on FINRA's Examination and Risk Monitoring ProgramPLI Podcast: Focus on FINRA Enforcement with Jessica HopperFINRA's Upcoming Conferences and Events

Government regulation of the financial services industry fails to provide investors with a true picture of most firm's true costs and responsibilities. Therefore, the only one who can protect you is you!Plus, a listener wonders if Edward Jones is acting as their fiduciary.

In this episode, you'll hear about: What exactly is investor confusion.How the SEC specifically deals with retail investors and regulation.How we got to a Reg BI and Form CRS in June 2019 by the SEC.Guest Bio:Knut A. Rostad is the co-founder and president of the Institute for the Fiduciary Standard, a nonprofit formed in 2011 to advance fiduciary principles and practices in investment advice and financial planning through research, education and advocacy. Previously, Rostad served as the regulatory and compliance officer at Rembert Pendleton Jackson, an investment adviser in Falls Church, Virginia.The Institute for the Fiduciary Standard offers guidance on fiduciary and why it matters. Rostad has authored articles, papers and comment letters to the SEC and DOL, and is cited in the New York Times, Wall Street Journal, Bloomberg, Reuters and industry outlets. IA Magazine's ‘IA 25' list in 2014, “the most influential people in and around the advisor industry” named Rostad.Rostad is the editor of The Man in the Arena: Vanguard Founder John C. Bogle and His Lifelong Battle to Serve Investors First, by Wiley. His BA in Political Science is from the University of Vermont and an MBA from the Norwegian School of Management in Oslo.

SEC diminishes roadblocks to proxy proposals on social policy. SEC Chair warns of enforcement "without quarter." OCC Acting Comptroller calls for regulation of crypto banking. Financial Services Subcommittee considers regulatory gaps in cybersecurity. FINRA updates FAQs on renewal program deadlines. NASAA reports minimal movement on Reg BI implementation. FHFA proposes additional public disclosure requirements for Fannie Mae and Freddie Mac.

Welcome back to the Compliance In Context Podcast! On today’s episode, we welcome in the President of the North American Securities Administrators Association, Melanie Lubin, for an insider’s look into what’s happening at NASAA including new areas of focus like continuing education, Reg BI, senior investors, and much more. In our Headlines section, the first-ever bitcoin-linked exchange-traded fund will began trading recently and the SEC provided comments on the regulatory issues involving GameStop trading from January of earlier this year. Finally, we’ll wrap up today’s show with another installment of History Has Your Back, as we review a posthumous quote from one of the world’s most well-traveled chefs to better understand how we can maximize our knowledge in compliance. Topics: Headlines The first-ever bitcoin-linked exchange-traded fund (ProShares) began trading on 10/19/21. Four proposed bitcoin ETFs are in line for an October decision from the SEC on whether to approve, deny or delay their submissions (Valkyrie Investments, Invesco, and VanEck) In a new report, the SEC reviewed regulatory issues involving GameStop trading in January 2021. SEC Commissioners Hester M. Peirce and Elad L. Roisman criticized the report as too narrative Chair Gensler stated the review of the GameStop event presented the SEC with opportunities to further make the equity markets as fair, orderly, and efficient as possible. Interview What is the NASAA and how was it formed? What is the mission of NASAA? What are some of the current initiatives the NASAA is really focused on now? Where does the IARC stand now? What did Phase I of NASAA’s Reg BI efforts look like? What changes have firms made since Reg BI has been adopted? What is NASAA working on in the senior investors space? What about Report and Hold? How can compliance officers can be the best defense in this area? What is the Whistleblower Act? What is the background on the Restitution Pool for defrauded? History Has Your Back Quote from celebrity chef Anthony Bourdain demonstrates empathy and many of the soft skills important for compliance officers Taking the time to connect and understand our colleagues will pay dividends personally and professionally. The 2021 NSCP National Conference is just around the corner! Quotes: “And really the ultimate goal is for us to make a determination about whether the rule as it stands is really moving has raised the bar for how brokers act in relationship to their clients and is it really driving the behavior towards the customers best interest.” - Melanie Lubin “This is important—here's the explanation: customers, particularly elderly customers, tend to be worried that somebody's going to get their hands on their money and all the things that we've taught them to be worried about—But [we] want them to understand that a trusted contact is not a power of attorney, but it's someone that if you’re the person you have a professional relationship with starts to get a little bit worried about what's going on, they could pick up the phone and call that other person.” - Melanie Lubin Resources: Compliance in Context Contact Form

You can read more about Reg-BI at our blog, https://rixtrema.com/blog/category/case-studies/case-studies-reg-bi-optimizer/, (https://rixtrema.com/blog/category/case-studies/case-studies-reg-bi-optimizer/,) where we have tutorials of our financial planning software and economic analysis surrounding current events. Shoot our Client Success Team an email at clientsuccess@rixtrema.com .

Barbara Roper is an outspoken advocate for effective regulation to protect the public from predatory practices, and she's often critical of watered-down rules friendly to the industry. As director of investor protection for the Consumer Federation of America, she makes frequent targets of Reg BI and the Department of Labor's fiduciary rule. She has a lot to say about where we are with the new administration and what the near future holds.

Interview with Bob Doll :30-23:10His move to Crossmark and the value of a smaller firm.Explaining "values-based investing."Where do product and distribution go for Crossmark?The industry pressure on active versus the demand among faith-based investors.Revisiting Bob's 2021 predictions — value versus growth; interest rates and inflation; GDP and debt; political compromise or lack thereof; eye on geopolitical issues.Interview with Susan Schroeder 23:40-41:00Background at Finra and memorable cases.Reg BI and its potential impact, and how the SEC might use it.The Finra-SEC relationship under the new administration and Reg BI.Expungement reform and the potential for cracking down on rogue brokers.Assessing Robert Cook's time as Finra CEO and the Finra 360 initiative.The crypto gap.This episode sponsored by:Broadridge is a global fintech leader whose infrastructure powers investing, corporate governance & communications. Visit Broadridge.comGuest BiosBob Doll: Financial services industry veteran with over 40 years of experience. Experienced portfolio manager for large-cap equity strategies, as well as long and long-short equity strategies. Author of weekly, quarterly and annual investment commentaries focusing on key themes and risks driving equity markets, monetary policy and the global economy. Regular guest and contributor to multiple media outlets such as CNBC, Bloomberg TV, Moneywise, and Fox Business News.Susan Schroeder: As the former head of enforcement and management committee member at the Financial Industry Regulatory Authority Inc., Susan Schroeder has deep insight into the priorities and procedures of the regulatory bodies that govern the financial services industry, including the Securities and Exchange Commission, Finra, exchanges and state securities regulators. In addition, Schroeder calls on her extensive experience overseeing thousands of regulatory investigations to assist and advise clients in all aspects of internal investigations, including detecting potential misconduct, complying with reporting obligations and effectively remediating systemic problems. 

NYDFS vindicates Apple card in investigation on discrimination claims. Federal Reserve Board announces end of capital distribution restrictions for most banks. SEC 2021 exam priorities: climate change, Reg BI, disclosures and information security top the list. Senate confirms Wally Adeyemo as Deputy Secretary of the Treasury.

Welcome back to The Securities Compliance Podcast! On today’s show, we continue our Lessons From the Front Lines series. Much like our regular shows, this series will provide same excellent content to help you put Compliance In Context™, but will deliver that content in a more narrative form—like a fireside conversation with an industry pro. In this way, the Lessons From the Front Lines series will provide you with practical advice and takeaways that focus on a real-life, tough lessons other compliance professionals and regulators have learned on the front lines of our industry. To help guide us through today’s show, we welcome in Ed Wegener, the former Senior VP and Midwest Regional Director of FINRA to discuss some real lessons learned on the front lines of the investigation and enforcement process. Topics: Reviewing the life cycle of a regulatory investigation Analysis of findings from routine examinations, cause examinations or enforcement investigations. Use of data analytics in the investigation process Conclusion of the Investigation Referral to enforcement and escalation of findings Enhanced focus on the impact the supervisory process and requisite due diligence of products, OBAs, private transactions, borrowing from customers, etc. Discussion of policies and procedures and related training protocols How does the firm monitor for compliance with its policy? Reviewing the FINRA 2021 Annual Regulatory and Exam Priorities Industry innovations to enhance the process of investigations and enforcement Quotes: “When they do conduct an examination, they have been getting really good at taking that information that they gather through things like electronic blotters—putting that through their analytical systems and using that to identify areas of potential focus. And so the way we used to think about it was, it’s trying to find needles in haystacks and the analytics aren’t necessarily going to find the needles for you, but they're going to tell you that if there are needles they're probably in this part of the haystack.” “I think as an examiner at FINRA, what I really want to know is not particularly what I find on the examination, but when I leave the firm, what are they going to be doing to make sure they have controls over the risks that I’m concerned about.” “You know it’s interesting I’m not sure that Reg BI is changing the landscape in terms of that from the perspective of really understanding the products that you're selling. I think there's always been that expectation, you know whether it was reasonable basis—suitability requirement or the care obligation with respect to Reg BI but the important thing is that firms before they start recommending products that they understand those products. They understand the features and the risks and that the people who are selling them understand them as well.” Resources: Compliance in Context

Interview with Mark Schoeff Jr. — 1:00-15:00Narrow operating margins for Democrats in governmentKey focuses and impact on advisers: ESG, fiduciary rules, taxesWill any big picture plans like Green New Deal pass?The standard partisan tensionsInterview with Emile Hallez — 15:00-27:00Recent RPA Convergence webcasts and publicationsRole of private equity in industry consolidationValuations in the retirement plan adviser spaceWhere convergence comes into the RPA vs. wealth management spaceWhat options individuals might see in their retirement plans

FinCEN proposes additional requirements for certain CVC and digital asset transactions. Firm settles FINRA charges for inadequate supervision of representatives' recommendations. SEC staff highlight 2021 focus of Reg BI examinations. CFTC staff extends no-action relief from DCO registration to Shanghai Clearing House. SEC Office of Credit Ratings reviews NSROs for 2020. SEC staff summarize FIMSAC 2020 regulatory recommendations. SEC moves forward on German and French SBSD substituted compliance. SEC chief economist to conclude tenure. CFTC market participants division director to depart agency. Changes to the EU securitisation regulations and the capital regulation reference.

Welcome back to the Compliance In Context Podcast! In this episode, we discuss recent rulemaking from FINRA on remote inspections of broker-dealers and check in with OCIE on a risk alert highlighting deficiencies seen in adviser branch exams. Our interview segment today features SEC and FINRA enforcement guru Brian Rubin for a deep dive into recent trends from the regulators and what to look out for in the future. Finally, we continue the next installment of the Outtakes series to discuss the proper allocation of business and personal expenses. Topics: Headlines FINRA Proposes Rule Change on Remote Inspections OCIE Highlights Supervisory Deficiencies at Adviser Branch Offices Interview Reviewing recent trends in SEC and FINRA enforcement actions. Forecasting future enforcement action stemming from COVID-19 and Reg BI Discussing recent remarks from SEC Commissioner Peirce on CCO liability Detailing NSCP Currents authorship and related topics Outtakes The proper allocation of business versus personal expenses and how to avoid violations of federal securities laws Quotes: “We have heard that with regard to penalties and financial sanctions, we are looking at record numbers.” “In two, three years, I expect we’ll see enforcement actions related to Reg BI, as well.” "Ultimately, compliance is here to help elevate the services that our firms provide their respective clients...And so, we want to be able to reward those folks that are part of that process to help elevate those services.” Resources: Compliance in Context

Potential impact of a Blue Wave on Advisors - 1:00-6:20https://www.investmentnews.com/election-impact-reg-bi-198850Interview with Michelle Fuller - 6:20-30:457:00 - background on Hancock's ETFs9:40 - JH's different models from active to passive and more 13:15 - Stacking up to competition and the go to market strategy for JH20:00 - Morningstar's effect21:10 - Wholesaling during COVID25:00 - Dimensional's role28:15 - JH - early or late to the party?Charles Schwab Impact conference - 30:45-37:00This episode is sponsored by John Hancock Investment ManagementWe serve investors globally through a unique multimanager approach: We search the world to find proven portfolio teams with specialized expertise in those strategies, then we apply robust investment oversight to ensure they continue to meet our uncompromised standards and serve the best interests of our shareholders. www.Jhinvestments.com

Our new host Mike Row, Chief Relationship Officer and Joan Schwartz, Chief Legal Officer at BNY Mellon's Pershing discuss Regulation Best Interest—or Reg BI— Form CRS and what it means for advisors.

Join Sophie Antal Gilbert, Head of Portfolio and Business Consulting at Russell Investments, and Tina Downing, Senior Director & Lead of Business Coaching at Russell Investments as they talk about what you need to know about complying with Reg BI.  Disclosure: Interviews were recorded as of the date mentioned in the podcast, these views are subject to change at any time without notice based upon market or other conditions and are current as of that date. It is made available on an "as is" basis. Russell Investments and Russell Investments Canada Limited does not make any warranty or representation regarding the information. While all material is deemed to be reliable, accuracy and completeness cannot be guaranteed.This is not an offer, solicitation or recommendation to purchase any security or the services of any organization. Investing in capital markets involves risk, principal loss is possible. There is no guarantee the stated outcomes in the presentation will be met. The audio may contain forecasting or other forward-looking information, this information is inherently uncertain and may be incorrect. This is a presentation of Russell Investments and Russell Investments Canada Limited. Nothing in this presentation is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The contents of this presentation are intended for general information purposes only and should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. This material is proprietary and may not be reproduced, transferred, or distributed in any form without prior written permission from Russell Investments.Russell Investments is the operating name of a group of companies under common management, including Russell Investments Canada Limited.Russell Investments' ownership is composed of a majority stake held by funds managed by TA Associates with minority stakes held by funds managed by Reverence Capital Partners and Russell Investments' management.Frank Russell Company is the owner of the Russell trademarks contained in this material and all trademark rights related to the Russell trademarks, which the members of the Russell Investments group of companies are permitted to use under license from Frank Russell Company. The members of the Russell Investments group of companies are not affiliated in any manner with Frank Russell Company or any entity operating under the “FTSE RUSSELL” brand. CORP- 11715Date of first use: July, 2020

This week Jeff and Bruce tackle what the freshly minted Reg BI rule means for the wealth management industry and whether consumers even know the difference. The candid conversation between IN's two senior columnists also looks at the contradiction of brokers supposedly having more relaxed fiduciary rules but still racing toward the independent channel. And don't miss the open notebook segment where you'll learn how journalists and public relations professionals coexist in a less than perfect relationship.

Jay Coulter & Jay Hummel share some of the major industry trends that they see having an impact on your business next year. This includes the dramatic growth of Direct Indexing, aggressive enforcement of Reg BI and how the SECURE Act will drive the need for more outsourcing. Also, changes in M&A deal multiples due to a lack of organic growth.

Intro Topic I – Recent News Topic II – Form CRS update Topic III – Compliant Process Topic IV – Proxy Voting Topic V – Outro Other Links: XY Planning Network sues SEC over Reg BI https://www.investmentnews.com/article/20190910/FREE/190919988/xy-planning-network-sues-sec-over-reg-bi NASAA 2019 Annual Enforcement Report https://www.nasaa.org/52518/nasaa-releases-annual-enforcement-report-5/ SEC Clarifies Investment Advisers' Proxy Voting Responsibilities and Application of Proxy Rules to Voting Advice https://www.sec.gov/news/press-release/2019-158 Form CRS Instructions https://www.sec.gov/rules/final/2019/34-86032-appendix-b.pdf RIA Compliance Concepts Toll Free: 1-833-RIACCIO Email: info@riacc.io Website: www.riacc.io LinkedIn: https://www.linkedin.com/company/25040493/admin/updates/ Twitter: https://twitter.com/RIAComplyCEP Facebook: https://www.facebook.com/RIAComplianceConcepts/ Instagram: https://www.instagram.com/riacomplianceconcepts/ Google+: https://aboutme.google.com/b/118267280728866485410/ Ivan Barretto, Managing Director LinkedIn: https://www.linkedin.com/in/ivanbarretto30/ Megan Campbell, Managing Director LinkedIn: https://www.linkedin.com/in/megan-campbell-5016a442/ Collin O'Bryant, Senior Consultant LinkedIn: https://www.linkedin.com/in/collin-o-bryant-485416a1/

The #AI Eye: Microsoft (Nasdaq: $MSFT) and Jio Join to Digitize India and NICE Ltd (Nasdaq: $NICE) Introduces Reg BI Surveillance Solution

The #AI Eye: Microsoft (Nasdaq: $MSFT) and Jio Join to Digitize India and NICE Ltd (Nasdaq: $NICE) Introduces Reg BI Surveillance Solution

Intro Topic I – Overview Of The New Regulation Best Interest Topic II – Best Interest Obligation and Key Areas of Obligation Topic III – Books and Records Requirements Topic IV – Next Steps To Remain in Compliance Outro Guest Speaker Information: Mary Ellen Storey, Vice President Cerulean Securities Compliance Mary Ellen's Linkedin: https://loom.ly/UBKmzDE Company Website: https://loom.ly/BoOjuZg Phone: (816) 858-7880 Company LinkedIn: https://loom.ly/sOV7X14 Company Twitter: https://loom.ly/utsslWk Other informative links: Form CRS Relationship Summary; Amendments to Form ADV https://loom.ly/0epzpSY Regulation Best Interest: The Broker-Dealer Standard of Conduct https://loom.ly/ykOUOS0