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Eric A. Arnold

Partner

Arnold has nearly 30 years of experience in insurance, securities and banking law. 

He helps insurance companies, broker-dealers, and investment advisers manage the complex distribution of insurance and investment products, while balancing the disparate challenges of complying with increased regulatory processes, and doing so in an economically efficient manner.

Eric frequently reviews, revises and updates broker-dealer clients’ compliance manuals and procedures to reflect the impact of new rules, regulations, and interpretations. He regularly advises broker-dealer and investment advisers on financial, operational, and reporting requirements, including privacy, suitability and compensation issues.

On the transactional side, Eric counsels financial services clients on changes to their distribution structures, which includes providing assistance with adding to, subtracting from, and/or consolidating and combining broker-dealer, investment adviser, and insurance agency operations in compliance with the applicable regulatory structure.

Since the passage of the Dodd-Frank Act, Eric closely follows the developing role of federal oversight of insurance activities.

  • Represented Securian Financial Group, Inc. in the auctioned sale of its retirement plan recordkeeping business to Standard Insurance Company.
  • Represented Mutual of America Life Insurance Company, a New York domestic mutual life and annuity insurer, on its acquisition of 100% of the stock of Grandmark Funds, Inc. and its wholly owned subsidiary, Landmark Life Insurance Company.
  • Represented Advisor Group in its acquisition of Ladenburg Thalmann Financial Services Inc., a transaction with a total enterprise value of approximately $1.3 billion.
  • Represented Advisor Group in the purchase of selected assets and customer accounts from Quester Capital Corp. and Quester Asset Management Inc.
  • Advised financial institutions and payment processors providing services to cannabis businesses on potential liability under the Money Laundering Control Act and the Controlled Substances Act.
  • Dual Registrant Regulatory Summit: Standard of Conduct – Where do we go from here? (webcast), April 20, 2021
  • DC Legal Panel, July 29, 2020, National Association for Fixed Annuities (NAFA)
  • Webinar: BI:FYI – A Webinar Series on Federal and State Best Interest Initiative | Part 1: Enhancing Industry Best Interest Practices, June 25, 2020, ACLI
  • Hat switching, special challenges for dual registrants and documenting investment advice provided as an investment adviser, October 29, 2019, Envestnet
  • Webcast: Planning for a patchwork of best interest standards, November 15, 2018
  • Chapter 5: Banks Selling Annuities, July 2017, Annuities Answer Book – published by Wolters Kluwer
  • The Financial Services Regulatory Revolution: Navigating the New World of Broker-Dealer and Investment Adviser Regulation, September 23, 2011, ALI-ABA
  • Fiduciary Duty Forum, July 28, 2010
  • The Financial Services Regulatory Revolution: Navigating the New World of Broker-Dealer and Investment Adviser Regulation, October 8-9, 2009
  • District of Columbia
  • B.S., Brown University
  • J.D., Vanderbilt University Law School,

    Associate Editor, Vanderbilt Law Review, Order of the Coif

Eric Arnold

Partner

Eric Arnold

Partner

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