Don Rembert, member of the Institute Chairman’s Council, found his passion as a fee-only fiduciary advisor 40 years ago after seeing small business owners struggle.
Institute Comment Letter to Iowa Insurance Divison on “Best Interest Standard of Care for Insurance and Securities Professionals”
The Institute submitted a comment letter to the Iowa Insurance Division on its proposed rulemaking in light of SEC’s Reg BI.
Advisors as Fiduciaries
By Arthur Laby — This Article provides a sustained account of advice giving as a fiduciary activity, and it demonstrates that the dominant approach to defining fiduciary relationships is flawed. Leading academic commentators assert that fiduciary relationships only arise when one party has discretion over the assets or affairs of another.
Jay Clayton: Reg BI Still Coming June 30th
SEC staff to issue two “Risk Alerts” for further guidance.
Debate Counter Point: “Testimonials and Endorsements Won’t Help Investors”
Karen Barr and Knut Rostad take opposite sides of the timely debate on advisor advertisements with testimonials and endorsements.
Regulatory Action: Letter to SEC Opposing Lifting Current Ban on Testimonials and Endorsements
There may be parts of the SEC’s 1961 advertising rule that deserve updating. The ban on testimonials and endorsements is not one of them.
