With Reg BI examinations and enforcement actions expected to increase in 2021, firms are looking to meet the Care Obligation’s requirement of assessing “reasonably available alternatives”. Watch this on-demand webinar to hear our panel of experts take a deeper dive into a consistent and repeatable process for assessing costs and a reasonable range of alternatives at the time of a recommendation.
In this 60-minute session, industry leaders from Oyster Consulting and Faegre Drinker discuss:
- Approaches firms can take to consistently assess alternatives across the entire organization
- The importance of record-keeping and demonstrating that reasonably available alternatives were assessed, including which alternative products and asset types were considered.
- Pitfalls of using spreadsheets and CRM for documenting and storing assessments of costs and reasonably available alternatives.
Meet Your Speakers
Ed Wegener, Managing Director, Oyster Consulting LLC
Ed Wegener is an innovative compliance, risk management and supervisory controls expert with deep understanding of Federal Securities Laws and the rules of self-regulatory organizations, as well as technology optimization and risk mitigation. Prior to joining Oyster, Ed held several posts in FINRA, most recently as Senior VP and Midwest Regional Director. While there, he was responsible for the Region’s risk assessment, examination and investigation programs. Ed was a member of the team that developed FINRA’s risk-based examination program and he developed and managed FINRA’s first Digital Asset and Cybersecurity examination programs.
David Porteous, Partner, Faegre Drinker
David Porteous routinely counsels clients in the investment management, broker-dealer and financial services industries on regulatory matters including examinations, investigations and enforcement proceedings as well as complex civil and securities-related litigation. In addition, he assists clients in developing and implementing compliance and regulatory risk management plans and represents clients in complex civil and securities litigation.
Dave Carr-Pries, Vice President, Product & Marketing, InvestorCOM
Dave has spent the last decade helping financial organizations be compliant while focusing on the client experience. He delivers best-in-class design practices, technology, and a passion for creating intuitive experiences and solutions. Dave supported the industry’s adoption and implementation of CRM2 through investor and advisor research, CRM2 report design for 30 Canadian dealers including banks, insurance companies and mid-sized independent dealers. He has since been focusing on delivering solutions for Client Focused Reforms in Canada and Regulation Best Interest in the US.
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.