How does this skill address Regulation Best Interest?

It outlines the three mandatory tiers of Reg BI: disclosing material conflicts, mitigating incentives, and eliminating specific prohibited sales contests or quotas.

What guidance is provided for personal trading?

It covers SEC Rule 204A-1 requirements, including initial/annual holdings reports, quarterly transaction reporting, and pre-clearance for IPOs and private placements.

Can I use this for Investment Adviser fiduciary audits?

Yes, it provides detailed interpretations of the Duty of Loyalty and the specific disclosure requirements needed for Form ADV Part 2A.

Does it cover non-cash compensation limits?

Yes, it includes guidance on FINRA Rule 3220 regarding gift limits, entertainment exceptions, and non-cash compensation restrictions for variable products.

Financial Conflicts of Interest Compliance

Name: Financial Conflicts of Interest Compliance
Author: JoelLewis

byJoelLewis

•

Seguridad y Pruebas

Identifies, discloses, and mitigates conflicts of interest in financial advisory and brokerage relationships according to regulatory standards.

This skill provides deep regulatory guidance on managing financial conflicts of interest, primarily focusing on SEC Regulation Best Interest (Reg BI) and the Investment Advisers Act. It assists users in navigating complex requirements for compensation disclosures, proprietary product incentives, principal trading, and soft dollar arrangements. By following established mitigation hierarchies and fiduciary principles, the skill helps financial professionals ensure that client interests remain paramount while maintaining compliant documentation and procedures for regulatory audits.

Características Principales

01Assess pay-to-play restrictions and personal trading codes of ethics under SEC rules.

02Analyze compensation-based conflicts such as revenue sharing and 12b-1 fees.

03Ensure compliance with soft dollar arrangements and Section 28(e) safe harbors.

04Guide users through Reg BI Conflict of Interest Obligation and mitigation tiers.

05Review Investment Adviser fiduciary duty for disclosure specificity and loyalty.

0618 GitHub stars

Casos de Uso

01Designing firm-wide policies to mitigate incentives from differential compensation.

02Evaluating whether a recommendation involves a material conflict of interest under Reg BI.

03Drafting specific disclosure language for Form ADV regarding proprietary products.

What are Skills?·How to Install

Install with 🐟 Skill.Fish

npx skillfish add joellewis/finance_skills conflicts-of-interest

For use in Claude.ai and ChatGPT

Download Skill