On July 14, 2011 SIFMA submitted comments to the SEC on a proposed framework for establishing a uniform fiduciary standard of conduct for broker-dealers. 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.
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.
How to Choose a Financial Planner
Knowing how your financial advisor makes money can help you, the consumer, make a well-informed decision. This article attempts to arm consumers with tools they can use to get the best money advice possible.
Piling On Goldman
March 20 — Americans love it when the large and powerful get their comeuppance. So it should be no surprise, perhaps, when twelve-year Goldman veteran Greg Smith resigns from the firm in a flurry of allegations in the pages of the New York Times, a Mardi-Gras style celebration erupts. Smith makes his case that […]
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
