The McCombs School of Business at the University of Texas at Austin is hosting a two-day conference on Regulation Best Interest (Reg BI). Partner Daniel Gallagher will moderate a discussion titled “How will Reg BI shape industry practices?," at which panelists will focus on how the financial services industry needs to adapt to these sweeping new rules governing the giving of investment advice. He will also participate in the session “On the policy and politics of the regulatory landscape,” a discussion of the events and politics that led to this point and of how the new policies and practices will develop.
The event, hosted through McCombs' Center for Enterprise and Policy Analytics, will bring together current and former government officials, industry professionals and academic researchers to discuss how Reg BI will impact securities brokers and registered investment advisors. The program is designed for financial advisors, compliance officers and business leaders who are seeking to understand how to implement and comply with the new standard of conduct, Form CRS and interpretive guidance.
Speakers from the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Securities Industry and Financial Markets Association, the Certified Financial Planner Board of Standards, leading law firms and universities, and the financial services industry will discuss the underlying market issues that led to the new rules, how the measures are intended to impact investor relationships with brokers and investment advisers, and the likely compliance challenges. Participants will also gain insight on how the new rules might shape their business environment, including the impact on the use of technology, the potential effect on investor behaviors and litigation risk.