Kay Gordon was quoted in Financial Advisor in an article titled, “Trump SEC May Weaken Proposed RIA Continuity Rule, Says Lawyer.” The article describes how President Trump’s team at the SEC could alter the future of business continuity and transition responsibilities for advisors as discussed at a business continuity panel on the final day of the Investment Adviser Association Compliance Conference earlier this month moderated by Kay A. Gordon.

“Scuttlebutt is the Trump Administration may weaken the Securities and Exchange Commission’s proposed investment advisor business continuity rule to guidance,” Kay said.

“The transition planning directive that was part of the proposal may go away completely,” she added.

The panel at the IAA conference agreed uniformly if the proposal is adopted, smaller firms with less in-house experts would have the most work to do to obey it.

Read “Trump SEC May Weaken Proposed RIA Continuity Rule, Says Lawyer.”

Source: Financial Advisor