In the News

Advisors Seek Clarity on Scope of SEC’s 'Fiduciary' Definition, Ignites

September 30, 2019

Morgan Lewis partner Lindsay Jackson was interviewed by Ignites for an article about the recent change by US Securities and Exchange Commission to the interpretation of a fiduciary standard of conduct for services outside of managing portfolios and providing investment advice. Lindsay discussed best practices for advisors and said, “It is primarily a disclosure issue, but there’s also a course-of-conduct issue, in that what that paper says and how people act need to align so you don’t create expectations for the client that you’re acting as a fiduciary where you don’t intend to.”

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