Reg BI: Implementation & Implications

Recorded On: 05/27/2020

Gain insights into the best practices on implementing Reg BI rules. Our panel of experts will explore what best practices broker-dealers, registered investment advisers, and dual registrants are developing in order to enhance transparency and investor relationship quality.

Learning Objectives:

- Overview of implementation considerations

- Impact on broker dealers and investment advisors

- Complying with confidence through the development of best practices 

Who should attend: distribution executives, client services stakeholders, compliance professionals

Dan Beckman (Moderator)

Head of North America Product, Columbia Threadneedle Investments

Daniel Beckman is head of North America product for Columbia Threadneedle Investments. In this role he leads a team of professionals to drive product
strategy, development and management, ensuring the current and future needs of our customer base are met across the North America channels.

Prior to joining the organization in 2015, Mr. Beckman was senior vice president of investment product management for Fidelity Financial Advisor Solutions
(FFAS), a division of Fidelity Investments. Prior to Fidelity, Mr. Beckman was chief operating officer of Banc One New Hampshire Asset Management
Corporation. Before that, he was a managing associate at Coopers & Lybrand Consulting. Mr. Beckman began his professional career in banking in 1984 and has been a member of the investment community since 1996.

Mr. Beckman received a B.A., magna cum laude, in political science and mathematics from Hobart College and an MBA from Northeastern University. He
holds Series 7, 24, 53 and 63 licenses with FINRA. In addition, he holds the Chartered Financial Analyst ® designation.

Stephen Murphy

Managing Director, Foreside

Mr. Murphy oversees Foreside’s Broker-Dealer compliance services and specializes in providing strategic and regulatory guidance to Broker-Dealers of all types. Prior to joining Foreside, he served as a Chief Compliance Officer for multiple firms and business lines. He holds FINRA Series 4, 7, 9, 10, 24, 27, 50, 57, 86, 87 and 99 registrations. Stephen received his bachelor’s degree from The Pennsylvania State University and received his master’s from Pace University.

Maria Gattuso

Principal, Deloitte

Maria is Deloitte’s lead regulatory advisory principal in the investment management and wealth industries and is part of the team leading Deloitte’s
initiatives around recently adopted rules affecting the investment management and wealth industries. She focuses on regulatory and compliance matters for Deloitte’s investment management and wealth clients including investment advisers, wealth managers, broker dealers, mutual fund complexes, hedge funds, and private equity funds. Representative engagements include large scale remediation projects involving forensic and data analysis, calculating investor harm, rule implementation (including Reg BI, DOL and the mutual fund liquidity rule) and performing gap analyses against regulatory requirements and controls assessments, including in connection with SEC enforcement actions and deficiency letters and FINRA investigations. She has also assisted clients with assessing legal and compliance departments for efficiencies and modernization, impact analyses of structuring alternatives around different operating models, mock exams and regulatory analytics.

Over her 24 year career, Maria has acquired extensive experience on a broad range of issues and transactions affecting clients in the investment management industry. In her prior role as outside counsel, she has significant experience advising on the creation and operation of open end and closed end funds, ETFs, business development companies, hedge funds, managed account platforms as well as on transactional matters such as fund mergers, fund adoptions and adviser acquisitions. She has advised clients on a broad range of topics, including with respect to regulatory, compliance and fund governance matters, structuring alternatives, new product development and alternative fund structures (including registered and unregistered master/feeder and fund-of-funds structures and BDCs), status issues and obtaining exemptive relief and no-action relief.

Maria has served as a co-chairperson of the 100 women in hedge funds TM Legal Peer Advisory Counsel and the Women’s Investment Management Forum. She has served asan adjunct professor of law of Georgetown University Law Center, where she has taught classes on investment management law. Maria has regularly participated in conference panels, including those sponsored by the Investment Company Institute, NICSA and Practicing Law Institute regarding important issues affecting the asset management industry. Topics presented on have included
compliance related matters, Regulation Best Interest, the DOL Fiduciary Rule, Mutual 2 Fund Modernization, Liquidity Rule, Pay-to-Play regulations, registration requirements for investment advisers, registered closed end funds and business development companies.

Maria is fluent in Spanish.

Key:

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Webinar
05/27/2020 at 2:00 PM (EDT)   |  60 minutes
05/27/2020 at 2:00 PM (EDT)   |  60 minutes