Securities and Exchange Commission Chairman Jay Clayton hinted that Regulation Best Interest might be released sooner than expected.
Blog
The EU leapfrogs the US on investor protection
By Knut A. Rostad and Darren M. Fogarty
MiFID II’s standard raises the transparency bar well above the U.S. SEC’s proposed Regulation BI and Form CRS.
Selecting A TAMP Is A Fiduciary Decision
When selecting a TAMP for a client, an advisor should structure their due diligence process to focus on client benefits.
Secretary of the Commonwealth of Massachusetts Galvin wants investment advisers to lay out fees for clients
One-page document would crystalize costs highlighted in Form ADV for Massachusetts investors. Knut Rostad praised William Galvin for illuminating fees.
The False Claims by Brokerage and Insurance Lobbyists
By Knut A. Rostad — Maryland, Nevada and New Jersey and other states have an historic opportunity to make an extraordinary difference: to lead the nation towards a real fiduciary standard. Investors, like Gail from Maryland, can only hope they do.
Will Nevada’s fiduciary rule cause big broker-dealers to leave the state?
According to Kenneth Corbin’s reporting in Financial Planning, it might. Corbin reports that firms such as Morgan Stanley, Wells Fargo, Schwab, and TD Ameritrade write in comment letters to Nevada the new rule would dissuade their offering their BD transaction services.
