Partner Teresa Goody Guillén was quoted in a Barron’s article, published Dec. 28, 2023, counseling financial advisors to take a measured approach to cryptocurrency before making recommendations to clients. “The Murky World of Crypto Compliance: What Advisors Need to Know,” detailed an increase in clients inquiring about investing in crypto despite the market’s tumultuous recent years, and examined compliance issues in the crypto world. Goody Guillén noted the importance of conducting due diligence and ensuring that any investment is aligned with a client’s risk tolerance.
“Key issues are compliance with your fiduciary duties and treating crypto securities as securities,” said Goody Guillén. “This includes ensuring that risks are adequately disclosed, recommendations are consistent with clients’ particular circumstances and risk tolerance, and to generally act in their clients’ best interest.”