Advisors can make a difference in this battle in this new world. They can speak out for fiduciary advice and, as important, against visible faux fiduciary actions and practices.
The Good News for Fiduciary Advice in 2015
Last week’s victory in Congress for the Department of Labor’s Conflict of Interest (COI) Rule is the best news for fiduciary advice since the March 30, 2007 FPA victory over the SEC in the so-called Merrill Lynch Rule.
Proposed DOL Fiduciary Rule a “Band-Aid”
Clark M. Blackman II is the founder of Alpha Wealth Strategies and a member of the Institute’s Best Practices Board. Clark has been a leading voice on fiduciary issues for over 20 years.
Do broker-dealers and independent brokers speak in one voice?
That brokers and BD firms appear to hold such divergent views of core fiduciary requirements may be explained in numerous ways.
Conflicts of Interest and the Duty of Loyalty at the Securities and Exchange Commission
Recently, Securities and Exchange Commission (SEC) Chair Mary Jo White said she supported the SEC moving ahead with a uniform standard for broker-dealers and investment advisers. Knut Rostad’s paper is published here in the September issue of The Investment Lawyer.
Conflicts of Interest and the Duty of Loyalty at the Securities and Exchange Commission
Author: Knut A. Rostad Recently, Securities and Exchange Commission (SEC) Chair Mary Jo White said she supported the SEC moving ahead with a uniform standard for broker-dealers and investment advisers. Knut Rostad’s paper was published in the September issue of The Investment Lawyer. Read the white paper here.
