Robert L. Tuch, Esq. Senior Consultant 614.361.5365 vCard

Bob has over 25 years of experience in the financial services industry. He has served as in-house counsel for Nationwide Financial Services, Inc., an affiliate of Nationwide Insurance Company, and BISYS Fund Services, a mutual fund administrator and product distributor. At Nationwide, he managed a practice group that supported Nationwide-affiliated broker-dealers and provided legal support for Nationwide insurance agents. At BISYS, he provided legal support for BISYS mutual fund clients, including the preparation and review of mutual fund registration statements, the review of advertising and sales literature and the preparation of board meeting agendas, resolutions and minutes. Prior to serving in these in-house counsel roles, Bob held the position of Attorney Adviser in the Investment Management Division of the SEC.

Expertise

  • Provides advice on broker-dealer, investment adviser and insurance agency compliance and supervision issues
  • Drafted Compliance Manuals for SEC-registered and state-registered investment advisers
  • Drafted Compliance and Supervisory Policies and Procedures governing electronic communications for a large, independent broker-dealer
  • Drafted firm brochures and firm brochure supplements for SEC-registered and state-registered investment advisers
  • Provided compliance support for an investment banking broker-dealer that provides merger and acquisition advisory services to insurance brokerage clients
  • Conducted branch office examinations for a large independent broker-dealer
  • Was responsible for overseeing the filing of applications for the approval of changes in ownership of broker-dealer clients pursuant to NASD Rule 1017
  • Provided advice concerning a change of the broker-dealer of record for mutual fund accounts and variable insurance product accounts held at the issuer in accordance with FINRA guidelines
  • Has considerable experience as a reviewer of broker-dealer, investment adviser and mutual fund advertising and sales literature
  • Participated in the development and implementation of a comprehensive compliance program for insurance company separate accounts in accordance with Rule 38a-1 under the Investment Company Act of 1940

Career Highlights

  • Managing Counsel for Nationwide Financial Services, Inc.
  • Vice President and Senior Counsel for BISYS Fund Services
  • Attorney Adviser, U.S. Securities and Exchange Commission, Division of Investment Management, Office of Disclosure Review
  • Attorney, Internal Revenue Service, Office of Chief Counsel, Corporation Tax Division

Education, Accolades and Industry Commitments

  • Master of Laws in Taxation, Georgetown University
  • Juris Doctor, Nova Southeastern University
  • Master of Business Administration (Finance), University of Miami
  • B.a., Government, Florida State University
  • Member, State Bar of Florida

Publications and Presentations

Reg BI – The Care Obligation – Oyster Stew Podcast, October 23, 2019

Reg BI – The Conflicts of Interest Obligation – Oyster Stew Podcast, October 16, 2019

SEC Adopts Reg BI – Oyster Blog Post,  June 6, 2019

Conducting Effective Meetings with IA ClientsPractical Compliance & Risk Management for the Securities Industry – Wolters Kluwer.  March/April, 2019

Protection of Seniors from Financial Exploitation – Congress Enacts the Senior Safe Act – Practical Compliance & Risk Management for the Securities Industry – Wolters Kluwer.  September/October, 2018

Need an Expert Witness?  Here’s What to Look For – Oyster Blog Post, July 31, 2018

Passage of the Senior Safe Act Will Provide Protection for Senior Investors – Oyster Blog Post, June 1, 2018

Protection of Seniors from Financial Exploitation – Congress Enacts the Senior Safe Act – Bob Tuch – Practical Compliance & Risk Management for the Securities Industry – Wolters Kluwer.  May, 2018

SEC Fiduciary Standards Update – Oyster Blog Post, April 19, 2018

State Enforcement Action Has Department of Labor Fiduciary Rule Implications – Oyster Blog Post, March 6, 2018

Webinar:  The Countdown Is On – What’s Your DOL Game Plan?  – May 10, 2017

The SECS 2017 Priorities: What They Are and What Compliance Professionals Need to Know– NSCP Currents, February, 2017.

Webinar:  Anatomy of a Risk Assessment: Preparing for the DOL Fiduciary Rule Change – August 31, 2016.

The SEC’s ReTIRE Initiative: An Examination Initiative Focused on Products and Services Provided to Retail Investors Saving for Retirement – Bob Tuch – Practical Compliance & Risk Management for the Securities Industry – Wolters Kluwer, Vol. 9, No. 1, January/February 2016.

Variable Annuity Suitability – Are Your Representatives Making Suitable Product Recommendations? – Oyster Blog Post, August 24, 2015

Compliance Challenges for Dually-Registered Firms – Oyster Blog Post, March 26, 2015