Aileen Doherty

Aileen Doherty is a Senior Compliance Consultant and Trainer affiliated with Bekker Compliance Consulting Partners, LLC (BCCP). Aileen also serves as an Independent Consultant, Executive Attorney, and Chief Compliance Officer with broad International and US Financial Services expertise. She has worked extensively with investment advisers and broker-dealers, as well as with retail, private, and investment banks. Aileen provides strategic counsel for nonprofit organizations and governmental entities. Aileen’s career experience has provided her with significant expertise in the following regulatory areas: The Investment Advisers Act of 1940, Investment Company Act of 1940, Dodd-Frank, and the Fiduciary Standard. She also has working knowledge of the Securities Act of 1933, Securities Exchange Act of 1934, Commodities Exchange Act, USA PATRIOT Act, and ERISA. Her current focus is on anti-money laundering and cyber-security.

The New Fiduciary Rule

On April 6, 2016, the U.S. Department of Labor (DOL) issued its final rule expanding the “investment advice fiduciary” definition under the Employee Retirement Income Security Act of 1974 (ERISA), modifying the complex of prohibited transaction exemptions for investment activities in light of that expanded definition (the “Rule”).[1] This is the first major rewrite to […]