“In five bite-sized offerings, Chairman Jay Clayton fails to tell the public what it needs to know about RIAs vs. brokers.”
Law professors Denounce SEC’s Reg BI; Underscore the Rule’s Clear Break from 79 Years of Settled Law in Advisers Act of 1940
Columbia Law Professor John Coffee estimates the SEC rulemaking lowered the standard for advisers 75% and raised the standard for brokers 10%.
How Will the CFPB Survive this Crisis?
The Wall Street Journal reported that the CFP Board’s LetsMakeAPlan.org website excluded a lot of negative information about CFPs.
John Langbein Awarded the Frankel Fiduciary Prize
John Langbein, emeritus professor of law at Yale, accepted the Frankel Fiduciary Prize on September 16, 2019.
American Capital Planning
American Capital Planning is a fiduciary, fee-only, flat fee, and female owned registered investment advisory firm.
FINRA will Defer to SEC on Interpreting Best Interest Rule
FINRA will be responsible for examining brokers for compliance, yet FINRA CEO says ‘It’s not our rule. It’s an SEC rule.’
