The SEC and CFP Boards standards are a giant leap backwards. They violate commonsense and will further distance investors.
Can Industry Groups Handle the Truth?
Industry groups are petitioning the SEC for a new rule that allows them to circumvent their fiduciary duty. Why?
The Virus that Threatens Fiduciary Advisors
The “conflicts virus” shares much in common with the coronavirus that embattles our country.
Institute Paper: SEC, CFP Board Standards Abandon Advisers Act Principle that Treats Sales and Advice Differently
Regulators treated brokerage sales and fiduciary advice differently for years, stressing the harms and risks of conflicts of interest. Avoiding conflicts, if at all possible, was the norm. That was yesterday.
The Virus We’re Not Containing
Conflicts of interest are a threat, but some regulators don’t seem to see the need to restrain them.
Former CFP Board Chair Strikes Back
Knut Rostad interviewed Former CFPB Chair, Susan John, about CFPB’s recent decision to erase advisor compensation methods from its website.
