This article originally appeared on City Wire.
Karen Barr and Knut Rostad take opposite sides of the timely debate.
Advisors have long been banned from running ads with testimonials. But the Securities and Exchange Commission (SEC) is now considering a rule proposal that would allow them, provided that certain disclosure requirements are followed. Is this a step toward dangerous sales practices or the helpful removal of red tape? In this month’s Both Sides, advocates Karen Barr, President and CEO of the Investment Adviser Association, and Knut Rostad, President of The Institute for the Fiduciary Standard, explain their opposing views.
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