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How Do You Comply?

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This course, exclusively for FPA members, includes video presentations and resources created by leading legal and financial industry compliance and regulations experts to explain, explore and unpack what the SEC rule package and the CFP Board's Code of Ethics and Standards of Conduct mean specifically for financial planners:

  • SEC Regulation Best Interest: What It Means for Financial Planners
  • Understanding SEC's Interpretation Regarding the Standard of Conduct for Investment Advisers 
  • An Overview of How to Use Form CRS 
  • An Introduction to the SEC's Investment Advice Rule Package 
  • Comparing SEC Reg BI and CFP Board Code of Ethics and Standards of Conduct*
  • Journal in the Round: Deconstructing the SEC's New Rule Package 
  • How Do You Comply? A Conversation With The Experts At FPA Annual Conference 2019

*Please note: This course does not satisfy the CFP Board Ethics CE requirement.

  • SEC Regulation Best Interest: What It Means for Financial Planners

    Contains 4 Component(s), Includes Credits

    I​f you didn't have time to read the 770-page rule and explanations for the new SEC Regulation Best Interest rule, FPA has got you covered.

    If you didn't have time to read the 770-page rule and explanations for the new SEC Regulation Best Interest rule, FPA has got you covered. The law firm of Carr Butterfield, LLC, will break down the intricacies of Regulation Best Interest and what it means for financial planners. 

    • Identify the difference between a fiduciary standard of care and regulation best interest
    • Learn how financial planners need to comply with Regulation Best Interest
    • Be exposed to the SEC's Regulation Best Interest (Reg BI) and how it applies to financial planners

    John T. Carr

    Owner, Carr Butterfield, LLC

    John T. Carr represents financial services professionals to limit, defend and/or deflect liability in regulatory investigations, enforcement actions, arbitrations and court cases. He is known as one of the preeminent legal advisors to financial advisers, having represented hundreds of industry clients over multiple decades.  Carr has a keen eye to help clients acquire, maintain, and defend registrations with the SEC, FINRA, and state regulatory bodies. He graduated from Pacific Lutheran University with a degree in Political Science and a law degree from Willamette University College of Law.  Carr has licenses to practice law in Oregon and Washington.  

    Emil J. Ali

    Carr Butterfield, LLC

    Emil Ali provides legal representation of professionals across many regulated industries to limit, defend, and deflect liability in regulatory and professional conduct investigations, enforcement actions, arbitration, and court cases. His diverse experience affords him the ability to provide advice and counsel to licensed professionals, including investment advisers, broker-dealers, and registered representatives.

  • Understanding SEC's Interpretation Regarding the Standard of Conduct for Investment Advisers

    Contains 4 Component(s), Includes Credits

    In this presentation, the law firm of Carr Butterfield, LLC explains the legal implications of the SEC's new Interpretation regarding the Standard of Conduct for Investment Advisers and specifically had the new rule applies to financial planners.

    In this presentation, the law firm of Carr Butterfield, LLC explains the legal implications of the SEC's new Interpretation regarding the Standard of Conduct for Investment Advisers and specifically had the new rule applies to financial planners.

    • Identify what financial firms are required to be disclosed in Form CRS
    • Recognize the SEC's new Form CRS Summary and how it applies to financial planners
    • Explain whether or not registered investment advisers are allowed to use the term fiduciary in Form CRS

    John T. Carr

    Owner, Carr Butterfield, LLC

    John T. Carr represents financial services professionals to limit, defend and/or deflect liability in regulatory investigations, enforcement actions, arbitrations and court cases. He is known as one of the preeminent legal advisors to financial advisers, having represented hundreds of industry clients over multiple decades.  Carr has a keen eye to help clients acquire, maintain, and defend registrations with the SEC, FINRA, and state regulatory bodies. He graduated from Pacific Lutheran University with a degree in Political Science and a law degree from Willamette University College of Law.  Carr has licenses to practice law in Oregon and Washington.  

    Emil J. Ali

    Carr Butterfield, LLC

    Emil Ali provides legal representation of professionals across many regulated industries to limit, defend, and deflect liability in regulatory and professional conduct investigations, enforcement actions, arbitration, and court cases. His diverse experience affords him the ability to provide advice and counsel to licensed professionals, including investment advisers, broker-dealers, and registered representatives.

  • An Overview of How to Use Form CRS

    Product not yet rated Contains 4 Component(s), Includes Credits

    In this presentation, the law firm of Carr Butterfield, LLC de-constructs the new SEC Form CRS and gets into the specifics of what financial planners and their firms are required to provide to clients.

    In this presentation, the law firm of Carr Butterfield, LLC de-constructs the new SEC Form CRS and gets into the specifics of what financial planners and their firms are required to provide to clients.

    • Summarize the fiduciary duties of care and loyalty throughout the entire adviser-client relationship
    • Identify new legal obligations for investment advisers around new SEC ruling

    John T. Carr

    Owner, Carr Butterfield, LLC

    John T. Carr represents financial services professionals to limit, defend and/or deflect liability in regulatory investigations, enforcement actions, arbitrations and court cases. He is known as one of the preeminent legal advisors to financial advisers, having represented hundreds of industry clients over multiple decades.  Carr has a keen eye to help clients acquire, maintain, and defend registrations with the SEC, FINRA, and state regulatory bodies. He graduated from Pacific Lutheran University with a degree in Political Science and a law degree from Willamette University College of Law.  Carr has licenses to practice law in Oregon and Washington.  

    Emil J. Ali

    Carr Butterfield, LLC

    Emil Ali provides legal representation of professionals across many regulated industries to limit, defend, and deflect liability in regulatory and professional conduct investigations, enforcement actions, arbitration, and court cases. His diverse experience affords him the ability to provide advice and counsel to licensed professionals, including investment advisers, broker-dealers, and registered representatives.

  • An Introduction to the SEC's Investment Advice Rule Package

    Product not yet rated Contains 3 Component(s)

    In this introductory presentation, the Groom Law Group gives an overview of each of the SEC's final rules: Regulation Best Interest, Form CRS Relationship Summary and Form ADV Amendments, Commission Interpretation Standard of Conduct for Investment Advisers, and Commission Interpretation Broker-Dealer Exclusion.

    In this introductory presentation, the Groom Law Group gives an overview of each of the SEC's final rules: Regulation Best Interest, Form CRS Relationship Summary and Form ADV Amendments, Commission Interpretation Standard of Conduct for Investment Advisers, and Commission Interpretation Broker-Dealer Exclusion.

    Identify each of the SEC's final rules: Regulation Best Interest, Form CRS Relationship Summary and Form ADV Amendments, Commission Interpretation Standard of Conduct for Investment Advisers, and Commission Interpretation Broker-Dealer Exclusion.

    David N. Levine, Esq.

    Principal, Groom Lawn Group

    David N. Levine, Esq., advises plan sponsors, advisers, and other service providers on a wide range of employee benefits matters, from retirement and executive compensation to health and welfare plan matters. Levine advises on the design and redesign of complex retirement, executive, and health and welfare plans; ongoing, day-to-day counseling of plan sponsors; in-depth compliance reviews of corporate and governmental benefit programs; products and compliance for retirement and health service providers, and representation of tax-exempt organizations with respect to issues involving corporate governance, executive compensation, and unrelated business income tax liability. He was previously the chair of the IRS Advisory Committee on Tax Exempt and Government Entities (2011-2013) and is currently a member of the executive committee of the Defined Contribution Institutional Investment Association and serves in a number of leadership roles in the American Bar Association Tax Section's Employee Benefits Committee. Levine regularly speaks on plan design, fiduciary governance, and legislative issues and contributes a recurring column to NAPA Net  The Magazine. He is recognized in the Chambers USA guide for Employee Benefits & Executive Compensation.

    Kevin L. Walsh, Esq.

    Principal, Groom Law Group

    Kevin L. Walsh, Esq., advises clients on a wide range of fiduciary matters and other issues involving benefit plans. His practice encompasses helping plan service providers comply with the Department of Labor's fiduciary rules, working with them as they develop processes for and make investments, and helping them navigate the impact of Commodity Futures Trading Commission (CFTC), Office of Foreign Assets Control (OFAC), and SEC regulations. Walsh counsels clients primarily on issues related to Title I of ERISA, but also works with clients on the intersection of ERISA and other federal statutes. He assists insurers in obtaining guidance from the Department of Labor, and helps plan fiduciaries structure investments. He has also worked with plan service providers to structure the distribution of proprietary products in a manner that complies with ERISA's prohibited transaction provisions. He is also a member of Groom's Policy and Legislation Group, where he leverages his deep legislative experience on behalf of clients by providing technical legislative drafting services and strategic advice on interacting with the legislative and executive branches.

  • Comparing SEC Reg BI and CFP Board Code of Ethics and Standards of Conduct

    Product not yet rated Contains 3 Component(s)

    In this presentation, our expert panel conducts a side-by-side comparison of the Reg BI and the CFP Board Code of Standards with the goal of helping financial planners understand the requirements, and streamline and simplify the compliance process.

    In this presentation, our expert panel conducts a side-by-side comparison of the Reg BI and the CFP Board Code of Standards with the goal of helping financial planners understand the requirements, and streamline and simplify the compliance process.

    • Create one document to comply with both standards
    • Compare the new RegBi and CFP standards with focus on compliance needs for CFP professionals
    • Identify work flow and processes required for compliance

    Blaine F. Aikin, AIFA, CFA, CFP

    Executive Chairman, Fi360 and CEFEX

    Blaine Aikin is executive chairman of Fi360 and CEFEX. He joined Fi360 in 2005, became chief executive officer in 2007, and was named executive chairman in 2015. Aikin is a well-known speaker and author of numerous articles on fiduciary responsibility and investment management, including the monthly Fiduciary Corner column in InvestmentNews magazine. He has been named to Investment Advisor magazine's IA25 list of the most influential people in the investment advisory community and one of the ten most influential individuals in the 401(k) industry by RIABiz. He served as a director of the CFP Board of Standards from 2013 through 2016 and chair of CFP Board in 2017. Aikin holds a bachelor degree in economics and political science from Allegheny College, and master of public management and policy degree from the Heinz School of Carnegie-Mellon University. He is a Certified Financial Planner (CFP) professional, Chartered Financial Analyst (CFA) charterholder, and Accredited Investment Fiduciary Analyst (AIFA) designee.

    Paul Brahim, CFP, AIFA

    Chairman and Chief Executive, BPU Investment Management

    Brahim is a shareholder of BPU Investment Management, Inc., serving as CEO, CIO and Chairman of BPU’s Board of Directors. He joined BPU in 1997 as managing director of Wealth Management. In that capacity, he led the firm’s efforts to provide fee-based, comprehensive financial planning and asset management services to individual clients, retirement plans and non-profits. He also developed and introduced BPU’s Personal Financial Education (PFE) program and now teaches a certificate program in financial wellness for financial advisers through the American College of Financial Services. Brahim was promoted to executive vice President in 2006, chief compliance officer in 2011, CEO and CIO in 2013; and, elected as chairman of the board in 2014. Brahim often serves as an expert witness in financial services related cases, providing research and testimony for legal counsel and their clients in both FINRA arbitration and court cases. He is frequently interviewed by local and national media and has been named one of western Pennsylvania’s top financial advisers for eight consecutive years through a survey in Pittsburgh Magazine.

    Fred Reish

    Attorney, Drinker Biddle

    Fred Reish is an attorney whose practice focuses on fiduciary responsibility, prohibited transactions, conflicts of interest and plan qualification and operation. He has been recognized as one of the “legends” of the retirement industry by both PLANADVISER and PLANSPONSOR magazines. Reish has received awards for: the 401(k) Industry’s Most Influential Person by 401kWire; the Institutional Investor and PLANSPONSOR magazine Lifetime Achievement Awards; one of RIABiz’s 10 most influential individuals in the 401(k) industry affecting RIAs; Investment Advisor’s 25 Most Influential People by ThinkAdvisor; the IRS Commissioner’s Award and District Director’s Award; the Eidson Founder’s Award by ASPPA; and the ASPPA/Morningstar 401(k) Leadership Award. He has also received the Arizona State University Alumni Service Award. Reish currently serves on the CFP Board’s Public Policy Council and is a member of the CFP Board’s Standards Resource Commission. He has written more than 350 articles and four books about retirement plans. Reish co-chaired the IRS Los Angeles Benefits Conference for 10 years and served as a founding co-chair of the NAPA 401(k) Summit. He is a Trustee of Arizona State University and a member of the board of the ASU Alumni Association.

  • Journal in the Round: Deconstructing the SEC's New Rule Package

    Product not yet rated Contains 3 Component(s)

    The contributors of September's Journal of Financial Planning, Kevin L. Walsh and David N. Levine with Groom Law Group, continue to discuss the SEC's new rule package and main components of Reg BI.

    The contributors of September's Journal of Financial Planning, Kevin L. Walsh and David N. Levine with Groom Law Group, continue to discuss the SEC's new rule package and main components of Reg BI. During this online interactive roundtable Walsh and Levine explain how to meet the best interest standard through the component obligations, how the package impacts financial planners, their clients, and more.

    • Discuss the SEC's new rule package and main components of Reg BI
    • Examine the various components of the SEC's investment advice rule package to determine how best to comply with them, per the effective date of June 30, 2020
    • Demonstrate an understanding of how the SEC's Regulation Best Interest impacts the work of broker-dealers and investment advisers
  • A Conversation with the Experts at FPA Annual Conference 2019

    Product not yet rated Contains 3 Component(s)

    This session, originally presented at FPA Annual Conference 2019, ​dives into the details of the Code and Standards and ​provides a better understanding of what compliance issues financial planners are concerned about.

    This session, originally presented at FPA Annual Conference 2019, dives into the details of the Code and Standards and provides a better understanding of what compliance issues financial planners are concerned about.  

    • Explain the changes to principles of the Code of Ethics and Professional Responsibility, which are ethical and professional ideals of CFP® professionals
    • Apply the Rules of Conduct as they relate to being a CFP® professional

    Leo Rydzewski, JD

    General Counsel, CFP Board

    Leo Rydzewski is CFP Board’s General Counsel. Mr. Rydzewski oversees the enforcement of the standards of professional conduct. Mr. Rydzewski worked with CFP Board’s Commission on Standards to develop the revised Code of Ethics and Standards of Conduct, and is working with CFP Board's Standards Resource Commission to develop guidance on the code and standards. Mr. Rydzewski previously was a partner at the global law firm Holland & Knight LLP and a federal law clerk in Miami, Florida. He received his JD from Florida State University, where he graduated summa cum laude, and a BA in economics from Georgetown University.

    Blaine F. Aikin, AIFA, CFA, CFP

    Executive Chairman, Fi360 and CEFEX

    Blaine Aikin is executive chairman of Fi360 and CEFEX. He joined Fi360 in 2005, became chief executive officer in 2007, and was named executive chairman in 2015. Aikin is a well-known speaker and author of numerous articles on fiduciary responsibility and investment management, including the monthly Fiduciary Corner column in InvestmentNews magazine. He has been named to Investment Advisor magazine's IA25 list of the most influential people in the investment advisory community and one of the ten most influential individuals in the 401(k) industry by RIABiz. He served as a director of the CFP Board of Standards from 2013 through 2016 and chair of CFP Board in 2017. Aikin holds a bachelor degree in economics and political science from Allegheny College, and master of public management and policy degree from the Heinz School of Carnegie-Mellon University. He is a Certified Financial Planner (CFP) professional, Chartered Financial Analyst (CFA) charterholder, and Accredited Investment Fiduciary Analyst (AIFA) designee.

    Paul Brahim, CFP, AIFA

    Chairman and Chief Executive, BPU Investment Management

    Brahim is a shareholder of BPU Investment Management, Inc., serving as CEO, CIO and Chairman of BPU’s Board of Directors. He joined BPU in 1997 as managing director of Wealth Management. In that capacity, he led the firm’s efforts to provide fee-based, comprehensive financial planning and asset management services to individual clients, retirement plans and non-profits. He also developed and introduced BPU’s Personal Financial Education (PFE) program and now teaches a certificate program in financial wellness for financial advisers through the American College of Financial Services. Brahim was promoted to executive vice President in 2006, chief compliance officer in 2011, CEO and CIO in 2013; and, elected as chairman of the board in 2014. Brahim often serves as an expert witness in financial services related cases, providing research and testimony for legal counsel and their clients in both FINRA arbitration and court cases. He is frequently interviewed by local and national media and has been named one of western Pennsylvania’s top financial advisers for eight consecutive years through a survey in Pittsburgh Magazine.