Featuring (click image for more information):

Jared Kaplan Esq. McDermott Will & Emery LLP

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Why You Should Attend:

On October 22 the Federal Register reported on a proposal by the Department of Labor (DOL) to expand the definition of "fiduciary" with regard to ESOPs to include those who give "advice, appraisal or fairness opinions concerning the value of securities or other property." Though the DOL believes this change will cut down on purported abuses in the market, changing a classification held since 1976 to include appraisers as ERISA fiduciaries would carry significant implications for the liability of those valuation professionals working with ESOPs.

On May 19 BVR welcomes attorney Jared Kaplan, who's had extensive involvement with this proposed rule change, for an in-depth examination of the effects projected by this new regulation and what it means for the appraisal profession. For any appraiser practicing in this area, this is not a presentation to miss.

Agenda

• The story of this change:
• The problem
• The proposed solution
• Effects of the change
• Complications with the solution
• How we arrived here: statutory history
• Current status of the proposal
• Possible responses & alternatives

Learning Objectives

• Learn what the Department of Labor is proposing for ESOP appraisers and what it means for the practice of ESOP appraisal
• Understand how this regulation came about, what it hopes to solve, and what problems it potentially creates
• Clarify which positions can be taken to avoid liability or bolster indemnity in ESOP appraisal practices

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CPE Information

Prerequisites: Knowledge of Business Valuation
Program Level: Advanced
Preparation Required: None
Delivery Method: Group Internet-Based
Recommended CPE: 2 Credit Hours (Specialized Knowledge & Applications)

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BVR's Training Packs are an indispensable addition to any valuation reference library. Use them as training tools as many times as you'd like, wherever you are: play them at your computer at work or home, in your car, or on your personal audio device.

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