Conflicts in a Rapidly Changing Fiduciary Landscape: Broker-Dealer Challenges

Conflicts in a Rapidly Changing Fiduciary Landscape: Broker-Dealer Challenges

Financial headlines seem to cover broker-dealer conflicts of interest every day.

Questions about whether, and the degree to which, existing compensation models satisfy appropriate standards of care are at the center of the debate. Both regulators and clients are asking probing questions.

Amid this landscape, Pershing has worked with Thomas Roberts, a member of Groom Law Group’s Fiduciary practice group, to provide you with a solid understanding of the current landscape. Our two-part series focuses on the emerging compliance challenges confronting broker-dealers and hybrid model firms.

Part One—A Focus on Broker-Dealer Challenges looks at common broker-dealer practices that may cause potential conflicts of interest and the implications firms may want to consider.

Topics include:

  • Sales of Mutual Fund Shares and the Receipt of 12b-1 Fees
  • Receipt of Revenue Sharing Payments
  • Transaction Fee and No-Transaction Fee Mutual Fund Sales
  • Recommendations Concerning the Investment of ERISA and IRA Assets

Audience: Broker-Dealers