Tamar Frankel, Professor Law Emerita at Boston University, published a hugely important criticism of SEC’s Reg BI.
Blog
SEC and CFP Board Standards Reject Common Sense
The SEC and CFP Boards standards are a giant leap backwards. They violate commonsense and will further distance investors.
Webinar Virtual Discussion on the Legacy of Jack Bogle
Personal finance columnist Jane Bryant Quinn: ‘How Jack converted me and changed my life.’
Can Industry Groups Handle the Truth?
Industry groups are petitioning the SEC for a new rule that allows them to circumvent their fiduciary duty. Why?
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.
