Industry groups are petitioning the SEC for a new rule that allows them to circumvent their fiduciary duty. Why?
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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.
The Virus that Threatens Fiduciary Advisors
The “conflicts virus” shares much in common with the coronavirus that embattles our country.
SEC, CFP Board Accused Of Blurring Lines Between Advisors And Brokers As Board Reacts
The Institute contends in a new whitepaper that SEC and CFP Board rules will sweep away key principles of the Advisers Act.
Institute Paper: SEC, CFP Board Standards Abandon Advisers Act Principle that Treats Sales and Advice Differently
Regulators treated brokerage sales and fiduciary advice differently for years, stressing the harms and risks of conflicts of interest. Avoiding conflicts, if at all possible, was the norm. That was yesterday.
