Observations from A CFA Meeting

Posted on May 17th, 2016 at 11:42 AM
Observations from A CFA Meeting

From the Desk of Jim Eccleston at Eccleston Law LLC:

Last week I was delighted to have the opportunity to speak to the CFA members of the CFA Society Tampa Bay at the renowned University Club.

During the presentation, members posed questions that underscore how seriously they take their duties owed to their clients, their employers and the capital markets.

The CFA Standards have been ahead of the curve in terms of fiduciary duty.  They adopted those rules long before the DOL bandwagon effect.  To act “in the best interests” of the client is a mantra that CFAs embrace, and have embraced for a long time.  One takeaway was the suggestion to review FINRA Regulatory Notice 07-43 in connection with assisting senior clients and those with diminished capacity.

In addition, we had a robust discussion of numerous employment issues, such as the expungement of CRD records and FINRA’s BrokerCheck database, U-5 defamation arbitration actions and heightened compliance and whistle-blowing duties imposed upon CFAs.


The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.


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