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Ropes & Gray Attorneys Discuss the SEC’s Proposals on Investment Adviser Conduct

Practices: Investment Management, Mutual Funds, ETFs & Closed-End Funds, Investment Advisers, Fund Boards of Directors / Trustees, Investment Management Compliance, Private Investment Funds

In a May 7 article titled “Compliance work ahead as SEC proposes best interest standard,” Compliance Reporter examines the SEC’s proposed rules on investment adviser conduct, noting that the rule will provide work for compliance officers in whatever form it takes upon approval. Investment management counsel David Tittsworth is quoted in the article. Separately, a May 16 article in Financial Planning titled “Battle lines drawn over SEC best interest proposal” discusses that, as the SEC begins to receive comment letters over its proposed conduct standards, the brokerage and advisory sectors and consumer advocacy groups are likely to express their concerns with the proposals for varying reasons. The article includes remarks from Mr. Tittsworth.

A piece in the May 17 issue of ACA Insight titled “Clayton and Blass Defend and Seek Input on Proposed Standards of Conduct” discusses remarks made by SEC chairman Jay Clayton and Division of Investment Management director Dalia Blass addressing their proposals on conduct standards. The piece includes comments from private investment funds partner Jason Brown.

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