By Knut Rostad Avoiding or managing conflicts of interest is, arguably, the center piece of a fiduciary’s responsibility and the glue in an advisor/client relationship of trust and confidence. At least this is what one might surmise from the investment professionals who advised Congress as it crafted the Advisers Act of 1940, or the Supreme […]
A Discussion of Some of the Differences Between the Regulatory Requirements of Brokers and RIAs
A discussion of the differences in the standards of investment advisers and brokers is essential amidst the calls for “harmonizing” the two. This paper seeks to highlight how these two standards differ in terms of the legal requirements and duties imposed on advisers and brokers.
Rulemaking Re: Brokers, Dealer and Investment Advisers
SIFMA’s proposal departs from the fiduciary standard as set forth under the Advisers Act of 1940 and, if adopted, would be particularly harmful to retail investors.
Goldman Sachs Veteran’s Parting Shot:
“We Stopped Putting Our Clients First” Greg Smith, a 12-year veteran executive of Goldman Sachs, set Wall Street buzzing this morning with his explanation on the opinion pages of The New York Times of why he had just resigned. Smith’s chronicle of how the firm changed during his tenure underscores why Wall Street needs to […]
Who Can Investors Trust in the US?
February 8, 2012 – The Wall Street Journal Who Can Investors Trust in the US? What appears to be about to happen is that US regulators are going to abandon a 70-year-old standard (or a 750-year-old standard, depending on how you count) that made fiduciaries responsible for their trustworthy behaviour
Knut Rostad’s Letter to New York Times’ David F Swensen’s Op-ed
August 26, 2011 – Institute Letter to The New York Times supports David F. Swensen’s Op-ed.
