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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