1111 Pennsylvania Ave. NW//Washington, DC 20004-2541//United States
Lindsay B. Jackson counsels broker-dealers, investment advisers, banks, insurance companies, institutional investors (including ERISA plan fiduciaries), and various intermediaries on the standards applicable to designing and providing advisory, brokerage, banking, custodial, and administrative products and service offerings. Lindsay has in-depth knowledge of the developing rules and market practices in the distribution of advice products, services, and offerings to retail investors, including, in particular, those investing through IRAs, SEPs, SIMPLES, 403(b) plans, and ERISA plans.
Clients turned to Lindsay in developing their responses to the now vacated US Department of Labor fiduciary rule, including developing business strategies, creative solutions, and effective disclosures as well as engaging with the regulators to seek clarifying guidance and harmonization with the other federal and state laws governing the space. Leveraging her knowledge of the retail investor space, Lindsay now focuses on implementation issues related to the US Securities and Exchange Commission’s Regulation Best Interest and developing fiduciary standards in the states.
Lindsay also counsels financial services firms on their compliance with the prohibited transaction rules under ERISA and the Internal Revenue Code, including issues raised by investments in proprietary funds and products, householding assets for fee discounts, cash sweep, receiving shareholder servicing, revenue sharing and other third-party payments in connection with advisory services, and principal trading. Additionally, she helps pension plans and pension investment consultants and managers negotiate ERISA plan investments in private equity funds, hedge funds, collective investment trusts, separately managed accounts, and other investment vehicles.
Awards and Affiliations
Member, Practice Group of the Year, Asset Management, Law360 (2017)