Regulators, the Courts and the Fiduciary Standard:  What’s Happened, What’s Happening, What’s Next

Duane Thompson, Senior Policy Analyst, Fi360 and Blaine Aikin, Executive Chairman, Fi360

November 29, 2017

Over the last several years, dozens of lawsuits have been filed over retirement plans. They include ERISA’s exemption for church plans, and claims of excessive fees and imprudent investment options in-house 401(k) plans of financial services companies, prominent universities, and even small plans.  Are individual advisors next?  Fi360 takes a closer look at recent developments at the SEC, FINRA and state regulators, and then identifies common fiduciary breach claims being weighed by the courts in tackling that question.  This session concludes with practical tips for advisors and wealth managers in avoiding problems in working with plans and individual client accounts.