SEC Staff calling fiduciary status “extraneous” goes against the fiduciary ethic of investment advisors.
The Power of Community
Lauren Hong of Out and About speaks with Knut on the origin of the Institute, starting with support from Jack Bogle and Tamar Frankel.
SEC Charts New Strategy for a Best Interest Standard
The SEC’s new strategy to raise best interest is becoming apparent.
FINRA’s “Olympic” Disgrace: Its Reg BI Report
Failures of the FINRA report parallel recent Olympic controversies.
CFPB Rejects Supreme Court on Advice
A recent CFPB paper tries to say that conflicts are okay. It fails.
Most Advisors Don’t Disclose Fiduciary Status On Forms – That’s A Big Deal
Form CRS is designed to show broker-dealer and RIA differences. Samples of forms, however, show they fall way short of the clear guidance clients need. Knut argues for clearer regulatory guidance.