IGNITES reports on Groups Meeting with SEC on Reg BI; Highlights “Raise Your Voice” Campaign, and highlights the meetings of the Institute. In July 26 article, Jill Gregorie lists 55 meetings at the SEC of groups ranging from the U.S. Chamber of Commerce and SIFMA to AARP, CFA Institute, CFA and the Institute for the Fiduciary Standard. About the ‘Raise Your Voice” campaign, Gregorie writes:
“The Institute for Fiduciary Standard, for example, sat down with the regulator on at least six occasions between April and June. In June, the Washington, D.C.-based think tank, which represents registered investment advisors, launched a “Raise Your Voice” campaign that pushes RIAs to speak out against the proposal before the Aug. 7 feedback deadline. The group’s website also features flyers and social media graphics that advisors can share with their personal and business networks. One such flyer alleges that under the SEC’s “best interest” standard, brokers will need to demonstrate more loyalty to their employer than to clients.”
(Note: This is a summary of the original article by Jill Gregorie on July 26, 2018 on the ignites.com website. A direct link is not available.)
The 6 Core Fiduciary Duties
