Reg BI and the Future of Compliant Investment Recommendations
Broker-dealers have known about the pending Reg BI deadline since June 2019. While the Coronavirus pandemic and pending Reg BI lawsuits have created speed bumps, the main question remains: How can broker-dealers demonstrate they are acting in the best interest of retail clients when making investment recommendations?
In this 45-minute webinar, industry experts from Morningstar, RumbergerKirk, and InvestorCOM will discuss:
- Regulatory and legal implications of Reg BI and the Care Obligation on broker-dealers and associated persons
- Options for illustrating that ‘Reasonably Available Alternatives’ have been considered when making investment recommendations
- Best practices around disclosure and record keeping when making recommendations in a remote-work environment
Meet Your Speakers
Matt Radgowski, Head of Advisor Solutions, Morningstar
Matt leads the go-to-market strategy and is responsibile for Morningstar’s Advisor segment services in the U.S. While primarily focused on Morningstar license-based solutions including research, data, software and indexes, he also works closely with Morningstar’s Investment Management and Workplace offerings. He works in an executive business development capacity, partnering with marketing and sales to lead go-to-market strategy and field sales execution across the different advisor segments. He collaborates with corporate strategy and business unit leaders to identify market trends, analyze the solution portfolio, influence and shape product roadmaps, and lead go-to-market planning.
Matt previously oversaw the day-to-day business operations for Morningstar Managed Portfolios in his role as GM for the Americas. He also served as the COO for Morningstar Investment Management. Since rejoining the firm in 2013, he has helped focus the team’s efforts on our advisor-sold managed portfolios offerings, as well as its reorganization into a unified, global, investment management group. He held various positions for Ibbotson Associates, Inc. from 1999 to 2006, including head of its retirement advice business. All in, he has more than 24 years of industry experience through firms such as Horizon Investments, Wilshire Associates, and AEGON, holding various leadership roles in companies that serve the advisor, asset management and retirement markets.
Peter J. Tepley, Partner, RumbergerKirk
Peter Tepley focuses his practice on commercial litigation. He represents securities broker dealers, including clearing brokers, and their registered representatives in customer, employment, and industry disputes in FINRA arbitrations as well as in state and federal courts. He also represents public and private companies and their officers and directors in a variety of complex business disputes, including business torts and breach of contract cases. Peter defends businesses and individual officers and directors in class actions, including securities class actions. In addition, he represents fiduciaries and other parties in will contest and breach of fiduciary duty cases.
David Reeve, CEO, InvestorCOM
David has spent his career delivering high-impact technology solutions to the financial services sector. At IBM, he worked with leading global FIs on technology and outsourcing strategies, driving efficiencies and competitive advantage. David founded InvestorCOM to focus on delivering high value, intuitive solutions that eliminate compliance risk for wealth management. In addition to leading InvestorCOM, David chairs Outward Bound Canada and is a past board member of Pathways to Education and YPO.
Parham Nasseri, VP Regulatory Strategy, InvestorCOM
Parham Nasseri has over a decade of wealth management and regulatory experience. He is the Chair of the Canadian Advocacy Council of CFA Societies Canada and previously held roles at the Ombudsman for Banking Services & Investments and the Brattle Group. Mr. Nasseri holds a CFA Charter and an MBA from Schulich School of Business.