EY - DOL's Fiduciary Rule

EY Financial Services Webcast

DOL's Fiduciary Rule

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On April 6, the U.S. Department of Labor (DOL) issued its final fiduciary rule package.

Despite the changes, there are still many details to work through and the complexity and density of the final rule is notable. Listen to a panel of subject matter professionals share observations and discuss critical steps firms should be taking now to be able to comply with the Rule’s many requirements.

For additional resources related to this rule, visit our dedicated webpage at www.ey.com/DOLFiduciary.

Panelists

EY - Nancy Reich

Nancy Reich

EY

Nancy Reich is the Executive Director in Ernst & Young LLP’s Financial Services Advisory practice. She is a part of the Traded Products and Broker Dealer/Wealth Management Regulatory Compliance team and co-leads the DOL Fiduciary Rule. In this role, Nancy assists financial services organizations with analysis and impact assessments of new regulations and issues related to compliance with regulatory requirements.

Prior to joining EY, she held senior positions in the Global Markets and Investment Banking Compliance Group at Merrill Lynch and Bank of America, responsible for a variety of compliance programs including policies and written supervisory procedures, trade surveillance, institutional branch office and desk exams, compliance risk assessments, electronic communications and compliance training.

Nancy earned her B.A. in History and Political Science from Binghamton University, her J.D. in Law from Yeshiva University, and her L.L.M. in Corporate Law from New York University.

EY - Dan Bender

Dan Bender
EY

Dan Bender is an Executive Director in Ernst & Young LLP’s Financial Services Advisory practice. He is a part of the Wealth and Asset Management team and co-leads the DOL Fiduciary Rule initiative. In this role, Dan brings 24 years of experience in assisting asset managers and fund sponsors with enhancing the design, implementation and governance of regulatory compliance programs, risk monitoring and response activities and associated surveillance programs

Prior to joining EY in 2014, Dan advised global asset managers/wealth management platforms on matters relating to operations and regulatory risk at KPMG LLP and Navigant Consulting, Inc.

Dan earned his B.S. in Rehabilitation from Springfield College.

EY - Nimna Varghese

Nimna Varghese
EY

Nimna Varghese is a Senior Manager in Ernst & Young LLP’s Financial Services Advisory practice. She is part of the firm’s Department of Labor Fiduciary Rule team and brings more than 12 years of global experience in leading regulatory compliance projects, financial fraud investigations, and audits for various clients around the world.  In her current role, Nimna assists insurance, wealth management, banking and capital market clients through regulatory transformation triggered by emerging rules including the Department of Labor’s Fiduciary Rule and Volcker Rule, among others.   

Nimna earned her B.C. in Accounting and Finance from Narsee Monjee College of Commerce and Economics.

Moderator

EY - Michael Patterson

Michael Patterson
EY

Michael Patterson is a Principal in Ernst & Young LLP’s Financial Services Advisory practice. He is a part of the Regulatory Compliance Services team and co-leads the DOL Fiduciary Rule initiative. With more than 20 years of industry experience serving global financial services firms, Michael actively participates in the development of supporting arguments and data responses during regulatory investigations, as well as discussions with NYSE Enforcement and FINRA staff.

Prior to joining EY, Michael was a partner at Arthur Andersen and a managing director at BearingPoint.