Conferences and Speeches
Conflicts of Interest: SEC Staff Training
Partner Jennifer Klass and associate Christine Lombardo presented this for an SEC staff training.
What is a Conflict?
- Any activity or relationship that results in competing or conflicting interests
- Competing interests that may incline an adviser – consciously or unconsciously – to render advice that is not disinterested
- In other words, any situation that threatens the objectivity of the advice provided to the client
- Conflicts may involve self-dealing as well as divided loyalty
- Conflicts between the adviser’s interests and those of its clients
- Conflicts among the interests of different clients
- Adviser or its affiliates acting in multiple roles with respect to a client or transaction (adviser, broker, lender, principal counterparty, derivative counterparty, index provider)
View the presentation >>