June 28, 2019

SEC’s “Best Interest” Rule and Proposed State Fiduciary Rules—Common Law and Preemption Tests

Partner James F. Jorden authored an article for Bloomberg Law titled “SEC ‘Best Interest’ Rule and Proposed State Fiduciary Rules—Common Law and Preemption Tests.” This piece takes a look at the SEC’s new conflict-of-interest rules that direct brokers to act in their customers’ “best interests.” In the article, Jim asserts that recent attempts to overlay state fiduciary rules on such broker and agent conduct are inconsistent with common law standards and are subject to preemption.

Read “SEC ‘Best Interest’ Rule and Proposed State Fiduciary Rules—Common Law and Preemption Tests.”

Full Article
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