Wiggin and Dana Attorney Quoted in IAWatch

August 30, 2016

Wiggin and Dana attorney Conor Mullan was quoted in the August 22, 2016 edition of IAWatch in the article, "Wrap fee programs: Absorb lessons from enforcement case and keep disclosure current and robust."

Mr. Mullan discusses the RiverFront Investment Group case where the SEC fined RiverFront for Form ADV disclosures that didn't keep up with the firm's increasing step-out trades in wrap fee programs.

"I saw this case as one that sends a message to the adviser community about the need to do interim updates," Mr. Mullan said. The article also quotes Mr. Mullan saying that firms need to be able to "strike the right balance" between being definitive while avoiding wordy, technical and complicated language in ADV disclosures.

To read the full article, please click the PDF below.

This article originally appeared in the August 22, 2016 issue of IAWatch, for more information about IAWatch, please visit www.iawatch.com. Reproduced by Wiggin and Dana LLP with permission.