Conferences and Speeches

Conflicts of Interest: SEC Staff Training

Wednesday, May 20, 2015

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 >>