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

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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

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.

Raymond Benton, CFP®, CRPC, EA

Benton & Company

A. Raymond Benton is a CERTIFIED FINANCIAL PLANNER professional and member of FPA, serving clients at Benton & Company in Denver, Colo. and the surrounding communities.

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Journal in the Round: Deconstructing the SEC's New Rule Package
Open to view video.
Open to view video.
Course Evaluation
7 Questions
Certificate of Completion
0.0 CFP CE credits  |  Certificate available
0.0 CFP CE credits  |  Certificate available