ust receive “at least a potential gain of a pecuniary or similarly valuable nature,” (continued on page 2) Status of the New DOL Fiduciary Rule BY DANIEL G. VIOLA Reprinted with permission of Hedgeweek The Department of Labor's (the “DOL’) new fiduciary ruling (the “Rule”) has created strife in the securities

th your regular Sadis & Goldberg contact whose names and contact information are provided below. Alex Gelinas, 212.573.8159, [email protected] Daniel G. Viola, 212.573.8038, [email protected] Danielle Epstein-Day, 212.573.8416, [email protected] Douglas Hirsch, 212.573.6670, [email protected]

ith your regular Sadis & Goldberg contact whose names and contact information are provided below. Alex Gelinas, 212.573.8159, [email protected] Daniel G. Viola, 212.573.8038, [email protected] Danielle Epstein-Day, 212.573.8416, [email protected] Douglas Hirsch, 212.573.6670, [email protected]

rg contact or with any of the partners, whose names and contact information are provided below. Alex Gelinas, 212.573.8159, [email protected] Daniel G. Viola, 212.573.8038, [email protected] Danielle Epstein-Day, 212.573.8416, [email protected] Douglas Hirsch, 212.573.6670, [email protected] E

lert with your regular Sadis & Goldberg contact or with any of the partners, whose names and contact information are provided below. Alex Gelinas, Daniel G. Viola Danielle Epstein-Day, Douglas Hirsc Erika Winkler Jamie Kim, Jeffrey Goldber Jennifer Rossanfl, John Araneo, Lance Friedl Mitchell Tara Pau

E ALERT May 31, 2015 BEA Extends BE-10 Survey Filing for New Filers to June 30, 2015 For further information about this Alert. please contact: Daniel G. Viola Please feel free to discuss any aspect of this Alert with your regular Sad is & Goldberg contact or with any of the partners whose names and conta

nterest if an unincorporated business enterprise at any time during the reporting period. If you have any questions about the Alert, please contact Daniel G. Viola at or •The Advisers Act does not specify that any training session is necessary and therefore the date of which training should occur is not speci

lert with your regular Sadis & Goldberg contact or with any of the partners, whose names and contact information are provided below. Alex Gelinas, Daniel G. Viola, Danielle Epstei Douglas Hirsch Erika Winkler, Jamie Kim, Jeffrey Goldberg Jennifer Ross John Araneo, Lance Friedler, Mitchell Taras, Paul

lert with your regular Sadis & Goldberg contact or with any of the partners, whose names and contact information are provided below. Alex Gelinas, Daniel G. Viola, Danielle Epstein-Day, Douglas Hirsch, Jeffrey Goldberg, Jennifer Rossan, Lance Friedler, Mitchell Tarn, Paul Fasciano, Ron S. Geffner, Sam