Eric A. Arnold

Eric A. Arnold: Attorney with Eversheds Sutherland (US) LLP
  • Partner at Eversheds Sutherland (US) LLP (436 Attorneys)
  • 700 Sixth Street NW, Suite 700, Washington, DC 20001-3980
    View Eric A. Arnold's office location
  • Eric A. Arnold
  • Peer Reviews

    No Reviews
  • Profile Visibility [ i ]

Biography

With more than 20 years experience in insurance, securities and banking law, Eric Arnold 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.

Selected Experience

Counseled a coalition of major life insurance companies on evolving state and federal regulations and other legal developments.
Financial services company relies on firm in establishing a retirement plan platform to facilitate product distribution.
Provided broker-dealers with counsel on day-to-day regulatory obligations.

Publications

“Our clients are facing the perfect storm of increased regulatory pressures to be compliant, while at the same time, they are dealing with challenging economic issues and tightened budgets. Their need to develop more efficient and better oversight and compliance processes is going up. It’s a huge challenge for everyone.”

Legal Alerts

Legal Alert: Proposed Regulation BI coverage of retirement investors (March 5, 2019)
There is some debate about the intended scope of proposed Regulation BI (Best Interest) coverage in the case of retirement investors.The SEC explicitly contemplated that the proposal would be ...

Legal Alert: The best interest standard under FINRA’s suitability rule (February 26, 2019)
In connection with the US Securities and Exchange Commission’s proposed Regulation Best Interest, the Financial Industry Regulatory Authority (FINRA) has asserted (with some case law support from the ...

Legal Alert: Broker-dealers selling annuities - preparing for the best interest standard under New York’s amended Insurance Regulation 187 (February 14, 2019)
Broker-dealers selling annuity products in New York will soon need to comply with New York's recently amended Insurance Regulation 187 ( Suitability and Best Interests in Life Insurance and Annuity ...

Legal Alert: FINRA’s 529 plan share class initiative (February 7, 2019)
On January 28, 2019, the Financial Industry Regulatory Authority, Inc. (FINRA) launched its 529 Plan Share Class Initiative (the Initiative) to encourage member firms to self-report potential ...

Legal Alert: The SEC’s litigation against a firm for allegedly inadequate disclosure of shareholder service fees and 12b-1 fees (January 28, 2019)
During the past several years, the US Securities and Exchange Commission (SEC) has settled more than a dozen cases where the SEC alleged (with the firms neither admitting nor denying the charges) ...

Legal Alert: The far reach of state law - Nevada proposes fiduciary duty regulations for broker-dealers and investment advisers (January 28, 2019)
Under Nevada law, financial planners owe a fiduciary duty to their clients.1 In accordance with this duty, a financial planner must disclose, at the time advice is given, any gain the financial ...

Legal Alert: The other shoe has dropped - The SEC follows up with firms that didn’t self-report under the share class initiative (December 12, 2018)
The Share Class InitiativeOn February 12, 2018, the Division of Enforcement of the US Securities and Exchange Commission (SEC) announced the Share Class Selection Disclosure Initiative ...

Legal Alert: SEC proposes new variable contract disclosure regime (November 6, 2018)
The US Securities and Exchange Commission (SEC or Commission) recently proposed a new disclosure framework for SEC-registered variable annuity contracts and variable life insurance policies ...

Legal Alert: Standards of conduct for investment professionals - overlapping protections for broker-dealer retirement customers (October 15, 2018)
The legal standards for broker-dealer firms (BDs) and their representatives, particularly in the retirement market, continue to be in flux. BDs were among those most affected by the promulgation in ...

Legal Alert: The SEC’s proposed rules on the standards of conduct for investment professionals-a quick guide to what you need to know (April 26, 2018)
On April 18, in a 4-1 vote, the United States Securities and Exchange Commission (the SEC) proposed a comprehensive rule set governing the standards of conduct applicable to broker-dealers and ...

Articles

The Final Rule: DOL’s Expanded Definition of Investment Advice Fiduciary Under ERISA and Revised Complex of Exemptions (April 12, 2016)
Just less than a year since its proposal, and just more than six months after receiving thousands of pages of commentary, petitions and hearing testimony, the Department of Labor finalized its ...

Price Optimization: Regulators Struggling with Big Data (June 8, 2015)
Law360
“Price optimization,” an emerging practice that uses big data, predictive modeling and data analytics in pricing insurance products, especially personal lines property and casualty insurance, ...

Finra's amended Rule 8210: Where does it end? (October 13, 2013)
InvestmentNews
In “Finra’s amended Rule 8210: Where does it end?,” Sutherland partners Eric Arnold and Brian Rubin address the changes Finra is making to its Rule 8210, and the implications for broker-dealers. In ...

FINRA's amended Rule 8210: No Documents for You? (July 1, 2013)
Law 360
FINRA's recent amendments to Rule 8210 have begun to stir the pot among broker-dealers and registered representatives regarding its seemingly unlimited authority to request documents and information, ...

'Like' It Or Not: Broker-Dealers And Social Media Access (June 28, 2012)
Law360

Whither Fee-Based Accounts: The DC Circuit Vacates Investment Advisers Act Rule 202(A)(11)-1 (June 2007)
The Investment Lawyer

Final SEC Rule Addressing Broker-Dealer Exclusion from Definition of Investment Adviser (June 2005)
The Investment Lawyer

Banks Selling Annuities (Chapter 6) (2005)
Annuities Answer Book (3rd ed.) (2005 Supplement)

Books

Chapter 5: Banks Selling Annuities (July 2017)
Annuities Answer Book - published by Wolters Kluwer
In the fifth edition of the Annuities Answer Book, which provides analysis and commentary on handling the widest variety of annuities issues, Eversheds Sutherland Partner Eric Arnold contributed ...

Presentations

“I enjoy working with clients who are forming new broker-dealers. There are lots of business challenges to getting a new enterprise up and running, and there’s also a time of working through regulatory obstacles. I like working through that with the regulators and the business folks and the in-house legal people. It’s a lot of fun and a big challenge.”

Presentations

Webcast: Planning for a patchwork of best interest standards (November 15, 2018)
As 2018 concludes, regulatory developments governing broker-dealer and adviser standards of conduct continue to advance on a number of fronts. Join Eversheds Sutherland for a webcast discussing steps ...

Roundtable Discussion: Final DOL ERISA Fiduciary Definition and Related Exemptions (April 28, 2016)
Sutherland hosts a roundtable on the “Final DOL ERISA Fiduciary Definition and Related Exemptions” on April 28, 2016, in Boston, Massachusetts. The program is an in-depth discussion regarding the ...

Webcast: Real Life Minority Report? - Insurers Grapple With Big Data’s Implications (October 20, 2015)
New York Insurance Association
Sutherland Partners Mary Jane Wilson-Bilik and Eric Arnold present, “Real Life Minority Report? - Insurers Grapple With Big Data’s Implications” at New York Insurance Association on October 20, 2015.

Webcast: The Price Is Right? Predictive Modeling, Big Data and “Price Optimization”: Regulatory and Litigation Developments (May 12, 2015)
Predictive analytics, fueled by big data and driven by our constant use of smartphones, apps and web browsers, are increasingly used by insurers in marketing and distribution, underwriting, in-force ...

Rollover Programs: State of the Art 2014, Panelist (July 2, 2014)
Insured Retirement Institute Government Legal & Regulatory Conference
Sutherland Partner Eric Arnold served as a panelist for Rollover Programs: State of the Art 2014 at the Insured Retirement Institute (IRI) Retirement Plan Forum, Washington DC on July 2, 2014. The ...

The Financial Services Regulatory Revolution: Navigating the New World of Broker-Dealer and Investment Adviser Regulation (September 23, 2011)
ALI-ABA
Sutherland Partners Eric A. Arnold, Clifford E. Kirsch and Brian L. Rubin are speaking at ALI-ABA’s upcoming Course of Study on The Financial Services Regulatory Revolution: Navigating the New World ...

Fiduciary Duty Forum (July 28, 2010)
Sutherland Partners Eric A. Arnold, Clifford E. Kirsch, and Michael B. Koffler are speaking at the Fiduciary Duty Forum, on July 28, 2010, in Washington, D.C. Eric, Cliff and Michael will lead an ...

Real Estate Funds and Alternative Investments: Impact of Recent FINRA Developments (March 25, 2010)
Webinar
Sutherland Partners Eric A. Arnold, Clifford E. Kirsch, Susan S. Krawczyk and Brian L. Rubin are speaking on a Webinar entitled Real Estate Funds and Alternative Investments: Impact of Recent FINRA ...

The Financial Services Regulatory Revolution: Navigating the New World of Broker-Dealer and Investment Adviser Regulation (October 8-9, 2009)
Sutherland Partner Clifford E. Kirsch is the Program Chair and Partner Eric A. Arnold is a member of the faculty for the American Law Institute-American Bar Association (ALI-ABA) course, The ...

The Federal Regulation of Insurance (June 25, 2009)
Sutherland Seminar
Sutherland Partners Bert Adams, Eric A. Arnold, James M. Cain and W. Thomas Conner are leading a discussion on The Federal Regulation of Insurance, Thursday, June 25, 2009, at Sutherland’s office in ...

Multimedia

Webcast: Planning for a patchwork of best interest standards (November 15, 2018)
As 2018 concludes, regulatory developments governing broker-dealer and adviser standards of conduct continue to advance on a number of fronts. Join Eversheds Sutherland for a webcast discussing steps ...

Webcast: The Price Is Right? Predictive Modeling, Big Data and “Price Optimization”: Regulatory and Litigation Developments (May 12, 2015)
Predictive analytics, fueled by big data and driven by our constant use of smartphones, apps and web browsers, are increasingly used by insurers in marketing and distribution, underwriting, in-force ...

Podcast: BDC Quick Call: Recent Accounting and Regulatory Developments on Advisory Fees and Financing Transactions (March 3, 2011)
Sutherland attorneys Steven B. Boehm and Cynthia M. Krus are speaking on a BDC Quick Call: Recent Accounting and Regulatory Developments on Advisory Fees and Financing Transactions on March 3, 2011. ...

Areas of Practice (8)

  • Financial Services
  • Insurance
  • Broker-Dealer
  • Banking & Financial Institutions
  • Insurance Regulatory and Compliance
  • Investment Adviser
  • Retirement Products & Services
  • Cybersecurity & Privacy

Education & Credentials

Contact Information:
202.383.0741  Phone
www.eversheds-sutherland.com
University Attended:
Brown University, B.S.
Law School Attended:
Vanderbilt University Law School, J.D., Associate Editor, Vanderbilt Law Review, Order of the Coif
Year of First Admission:
1992
Admission:
1992, Michigan; 1993, District of Columbia
Birth Information:
Philadelphia, Pennsylvania, June 27, 1964
ISLN:
901665223

Peer Reviews

This lawyer does not have peer reviews.

*Peer Reviews provided before April 15, 2008 are not displayed.

Documents (67)

Documents by this lawyer on Martindale.com

Washington, District of Columbia

Contact Eric A. Arnold

Required Fields

Required Fields


By clicking on the "Submit" button, you agree to the Terms of Use, Supplemental Terms and Privacy Policy. You also consent to be contacted at the phone number you provided, including by autodials, text messages and/or pre-recorded calls, from Martindale and its affiliates and from or on behalf of attorneys you request or contact through this site. Consent is not a condition of purchase.

You should not send any sensitive or confidential information through this site. Emails sent through this site do not create an attorney-client relationship and may not be treated as privileged or confidential. The lawyer or law firm you are contacting is not required to, and may choose not to, accept you as a client. The Internet is not necessarily secure and emails sent though this site could be intercepted or read by third parties.