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3Q18: The SEC’s New Best Interest Standard of Care

Third Quarter 2018
By Fred Reish

What exactly are the SEC's new proposals and how will they impact investment advisers?


This newsletter contains three articles about the Securities Exchange Comission’s (SEC) proposed guidance on standards of care for broker-dealers and investment advisers.

The SEC has issued “best interest” proposals for RIAs and broker-dealers. These proposals are particularly important because the US Fifth Circuit Court of Appeals formally vacated the DOL’s Fiduciary Rule on June 21.


Fred Reish is an ERISA attorney whose practice focuses on fiduciary responsibility, retirement income, and plan operational issues. He has been recognized as one of the “legends” of the retirement industry by both PLANADVISER magazine and PLANSPONSOR magazine.

The views expressed here are those of Fred Reish. They should not be construed as investment advice or as the views of Hartford Funds or the employees of Hartford Funds. They are based on available information and are subject to change without notice. The information above is intended as general information and is not intended to provide, nor may it be construed as providing, tax, accounting or legal advice. As with all matters of a tax or legal nature, please consult with your tax or legal counsel for advice. This material and/or its contents are current at the time of writing and may not be reproduced or distributed in whole or in part, for any purpose, without the express written consent of Fred Reish.

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