The third episode of the Securities Compliance Podcast: Compliance in Context™ covers breaking developments on the whistleblower front and new trends in SEC enforcement.
Host Patrick D. Hayes speaks with ERISA expert David Kaleda, Principal at Groom Law Group, to discuss the latest developments with the new DOL Fiduciary Rule and its impact on the investment management industry. David brings a wealth of experience on all things ERISA and matters impacting the investment and plan space; he has previously served on the Department of Labor’s ERISA Advisory Council.
At the end of the show, we launch the What’s On My Mind series featuring a nuanced take on a contemporary issue affecting the investment management industry. In this segment, Hayes looks at the convoluted and confusing area of ESG disclosures.
Tune in and subscribe for future episodes at ComplianceInContext Podcast.com.
Episode 3 Topics:
- Updates to whistleblower statutes
- SEC enforcement trends
- Breakdown the new DOL Fiduciary Rule and related Preamble
- Review the five-part test
- How to apply the proposed rule in your compliance program now
- Impact of the plaintiff’s bar
- David’s predictions for the future
What's On my Mind
- The convoluted world of ESG disclosures
“...And in that preamble, the department suggests that it’s going to change its views...on when a person acts as a fiduciary for purposes of investment advice.”
“By putting this language in the preamble...theoretically, that should apply right now.”
“...It’s always tough to anticipate what the government’s going to do, but in an election year, it gets that much more challenging.”
About the Securities Compliance Podcast: Compliance in Context
Introducing the Securities Compliance Podcast, "Compliance in Context" presented by Calfee, Halter & Griswold and the National Society of Compliance Professionals and hosted by Patrick D. Hayes, Senior Counsel and leader of Calfee's Investment Management practice.
Designed as a personal master class for the securities legal and compliance professional, this podcast embodies Patrick’s passion to help you put Compliance In Context™ by combining the technical expertise of industry thought leaders and innovators with the practical experience of doers and key decision makers.
Listeners will find the podcast on Apple Podcast, Google Podcast, Spotify and Stitcher.
The opinions expressed by guest speakers and panelists during Securities Compliance Podcasts may not necessarily reflect the viewpoints of the attorneys and professionals of Calfee, Halter & Griswold LLP or its subsidiaries or affiliates. Calfee’s educational content is intended to inform and educate readers about legal developments and is not intended as legal advice for any specific individual or specific situation. Please consult with your attorney regarding any legal questions you may have. With regard to all content including case studies or descriptions, past outcomes do not predict future results.
Susan M. Kurz
Chief Marketing & Client Development Officer