The Institute for the Fiduciary Standard

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Massachusetts Supreme Court Rules for Commonwealth Fiduciary Rule and Against Robinhood

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“This morning the Massachusetts Supreme Judicial Court made regulatory history. The Court ruled for investors, the Commonwealth’s fiduciary duty rule and against Robinhood by upholding the Massachusetts fiduciary duty rule.” Knut Rostad, Institute Press Briefing

Massachusetts Supreme Judicial Court Decision found here

The Institute Filed an Amicus Brief to the court on this case, found here

Media Coverage

Institute Press Briefing, August 25, 2023

Dan Moisand

 

Dan Moisand is a nationally recognized fiduciary fee-only financial planner, an Institute Real Fiduciary™ Advisor and Chair-elect of the CFP Board.

The Institute has enshrined the ‘Moisand Rule’ on fiduciary practices. It is basic and is more important today than ever: “You have to avoid conflicts. If I avoid a conflict, I don’t worry about it.”

Watch the video of Moisand speaking here.

Bob Veres

 

Bob Veres is a long term observer of financial planning. His Newsletter, “Inside information” Is a staple of leading planners. In the May edition he writes about fiduciary and the Institute.

"But a much bigger point is that the fiduciary standard—as Knut Rostad of the Institute for the Fiduciary Standard has pointed out—has been determined by the Supreme Court (1963 ruling) to be at the very heart of the Investment Advisers Act of 1940. It is the foundation of what it means to be an RIA registered with the SEC instead of a tipster or a tout."

- Bob Veres, Parting Thoughts ... The SEC's Own Compliance Culture