On Tuesday September 11, Vanguard Founder Jack Bogle and Boston University scholar Tamar Frankel, representing the signatories of the Fiduciary Declaration, met with SEC Chairman Mary Schapiro. In the meeting Chairman Schapiro was presented with the Fiduciary Declaration and Bogle and Frankel addressed their concerns. The twelve signatories of the Fiduciary Declaration, along with Bogle […]
John C. Bogle and Paul Volcker Among Financial Industry Leaders Signed on to The Fiduciary Declaration; Urge SEC, DOL and Congress To Apply the Fiduciary Standard To All Advisors, Brokers Fiduciary Declaration
Unveiling for SEC Chairman Schapiro on September 11 WASHINGTON – A “Fiduciary Declaration” signed by twelve highly respected leaders in the financial services industry urges Congress, the Securities and Exchange Commission and Department of Labor to heighten and extend protections to investors receiving investment advice. The “Fiduciary Declaration,” will be unveiled and discussed with […]
Clear Advice from Jack Bogle
Vanguard Group founder Jack Bogle has always been a proponent of reliable, long-term investing over short-term speculation. Over the years, Bogle has expressed numerous opinions on a multitude of issues about the changes in the financial industry that need to take place to give investors a fair shake. This week, in a wide-ranging interview with […]
On Dodd-Frank’s 2nd Birthday, Should Investors Celebrate?
This article by Knut Rostad, president of the Institute for the Fiduciary Standard, was recently published in AdvisorOne. An excerpt is below, and the full article is at AdvisorOne.com If the Dodd-Frank Act, passed two years ago, on July 21, 2010, was meant to send a jolt of increased responsibility through the financial services industry, recent […]
The Times Editorial, Fiduciary Duty and the Levitt Rule
This article by Knut Rostad, president of the Institute for the Fiduciary Standard, was recently published in AdvisorOne. An excerpt is below, and the full article is at AdvisorOne.com The New York Times editorial, “Want to Buy a Mutual Fund?” aptly chose the nation’s 236th birthday on July 4 to underscore the vital role of […]
Why Capitalism Has an Image Problem
Capitalism has played an important role in world history generally and in American history in particular. Nevertheless, today many Americans view capitalism with suspicion or even hostility. What’s needed is a remaking of the case for capitalism, which itself requires a restatement of capitalism’s old truths.
