The SEC recently announced Regulation Best Interest (Reg BI), clarifying required standards of conduct for broker-dealers when advising retail customers. As part of the new rules, broker-dealers will need to provide a brief relationship summary, Form CRS, to retail investors. Firms must be ready to comply with Reg BI and Form CRS by June 30, 2020.
Join MCO and Carl Seiler, JD, Managing Director of Blue River Partners for an overview of Reg BI and Form CRS and the implications for broker-dealers and investment advisers, including:
Carl Seiler is a Managing Director in the Legal & Regulatory Compliance Group of Blue River Partners, LLC. His responsibilities include: providing fund launch services; designing, implementing and administering regulatory compliance programs; coordinating response plans for regulatory examinations and inquires; and managing project engagements for alternative asset managers including mock U.S. Securities and Exchange Commission (SEC) examinations. Mr. Seiler’s clients include large and mid-size registered investment advisers to private equity funds, private real estate investment funds, hedge funds, high net worth individuals, and institutional investors.
Mr. Seiler joined Blue River Partners in 2013 as an Associate and has participated in over a dozen SEC and state regulatory examinations and inquires involving private equity and hedge fund managers. Prior to joining Blue River Partners as an Associate, Mr. Seiler served as a research and motion drafting extern for the Department of Justice, Office of the United States Trustee in Dallas (UST) and assisted UST trial attorneys with numerous Chapter 7 and complex Chapter 11 bankruptcies.
Mr. Seiler attended Texas Tech University School of Law.