The Institute for The Fiduciary Standard’s 4th “Fiduciary September,” kicks off today at 4:30 EDT with a conference call on the “Best Practices for Fiduciary Advisors.”
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Investment Advisers Act 75th Anniversary – Statements from Industry Leaders and Experts
The Investment Adviser Association (IAA) asked a number of industry professionals, regulators, and other experts to share their views on the value the Investment Advisers Act has brought, and also asked them to forecast what lies ahead for the Act and its founding principle, the fiduciary duty. The Institute includes two responses, one from former SEC Chairman, Arthur Levitt, and the other from former IAA CEO, David Tittsworth, because they focus sharply on the challenge confronting the SEC regarding fiduciary duty and why this highest standard matters to investors. Below are the transcriptions of their video responses.
SEC Commissioners Luis A. Aguilar and Daniel M. Gallagher on Fiduciary Duty
SEC Commissioners Luis Aguilar and Daniel Gallagher have announced they will leave the SEC when their replacements are selected.1 Commissioner Aguilar has served seven years and Commissioner Gallagher almost four. The Commissioners depart at a time – in the midst of recent statements of SEC Chair White on the status of rulemaking at the SEC and the DOL proceeding with the Conflict of Interest Rule — of unprecedented focus on fiduciary duties. This focus reveals sharply different visions. The commissioners’ departure is an appropriate time to assess their views.
SEC Commissioners Luis A. Aguilar and Daniel M. Gallagher on Fiduciary Duty
SEC Commissioners Luis Aguilar and Daniel Gallagher have announced they will leave the SEC when their replacements are selected.
Investment Advisers Act 75th Anniversary – Statements from Industry Leaders and Experts
The Investment Adviser Association (IAA) asked a number of industry professionals, regulators, and other experts to share their views on the value the Investment Advisers Act has brought.
Fiduciary September 2015: A Historic Time for Fiduciary Advice
Today marks the beginning of Fiduciary September 2015, the month declared four years ago by the Institute for the Fiduciary Standard as a time to commemorate why fiduciary duties in financial advice matter so much to the markets and investors.