Skip Schweiss wants planners and consumers to know financial planning is not yet a profession.
If Gensler, who is uniquely well-suited for the task, becomes the SEC chairperson, it will harken back to the SEC’s origins.
A year-end SEC order and statement by its staff on Reg BI exams are a positive signal for investors in need of fiduciary protection.
Knut Rostad summarizes his recent interview with Princeton lecturer JC de Swaan on virtue in finance.
An historic realignment of fiduciary advice has snuffed out 40 Act principles. The realignment reveals a path of destruction – to the law, language and logic.
The 40 Act has been effectively repealed. But its passing has gone unnoticed. In the long shadow of the market crash and severe depression, the 40 Act was the equivalent of investors’ civil rights legislation.