| Sunday, January 31, 2016 - Tuesday, February 2, 2016 |
Dan Kleinman spoke on the panel “Key Issues Arising from DOL and SEC Fiduciary Initiatives.” During this session, Dan Kleinman and additional highly experienced financial industry and consumer advocates discussed the remarks by Department of Labor (DOL) and Securities and Exchange Commission (SEC) officials, and identified key issues in the DOL conflicts of interest proposal and potential issues in the forthcoming SEC initiative. Attendees gained a better understanding of the differences (and overlap) between the respective fiduciary standards under federal securities laws and the Employee Retirement Income Security Act, and of the key differences of opinion between industry and consumer groups on the DOL proposal and potential issues in a future SEC rule. As a result, attendees were able to better understand how both rulemakings eventually will affect their wealth-management practices and their clients.