More On Legal & Compliancefrom The Advisor's Professional Library
- Client Commission Practices and Soft Dollars RIAs should always evaluate whether the products and services they receive from broker-dealers are appropriate. The SEC suggested that an RIAs failure to stay within the scope of the Section 28(e) safe harbor may violate the advisors fiduciary duty to clients, so RIAs must evaluate their soft dollar relationships on a regular basis to ensure they are disclosed properly and that they do not negatively impact the best execution of clients transactions.
- Meeting and Exceeding Clients and Regulators’ Expectations Although it can be difficult, there are ways for RIAs to meet or exceed client expectations, increase customer satisfaction, and help firms retain current clients and attract new ones.
The Securities and Exchange Commission has named Diane Blizzard associate director for regulatory policy and investment adviser regulation in the Division of Investment Management, replacing Robert Plaze, who is now deputy director of the division.
Blizzard will supervise two offices that develop recommendations for rulemaking and other policy initiatives under the Investment Company Act and the Investment Advisers Act.
Blizzard has been a member of the Division of Investment Management staff for 12 years, most recently serving as managing executive. She has previously held several policy roles, including senior advisor to the director and head of the Office of Regulatory Policy, one of the division’s rulemaking offices she will now lead. Earlier in her career, she was counsel to an affiliate of the Investment Company Institute.
“Diane is an accomplished lawyer and a skilled manager and I look forward to her continued leadership in her new role,” said Eileen Rominger, director of the SEC’s Division of Investment Management, in a statement.
“This is a great opportunity to work with Eileen Rominger and the talented division staff on advancing Chairman Schapiro’s investor-focused regulatory agenda,” Blizzard said.
Blizzard holds a bachelor’s degree from Duke University and received her law degree from Georgetown University.