Columbia Law Professor John Coffee estimates the SEC rulemaking lowered the standard for advisers 75% and raised the standard for brokers 10%.
Advisor News
John Langbein Awarded the Frankel Fiduciary Prize
John Langbein, emeritus professor of law at Yale, accepted the Frankel Fiduciary Prize on September 16, 2019.
FINRA will Defer to SEC on Interpreting Best Interest Rule
FINRA will be responsible for examining brokers for compliance, yet FINRA CEO says ‘It’s not our rule. It’s an SEC rule.’
New SEC Videos Aim to Help Investors Identify Brokers vs. Investment Advisers
The SEC’s new investor education videos are criticized for glossing over important details of business models and conflicts.
N.Y. Supreme Court Upholds State Fiduciary Rule For Annuities
The New York Supreme Court has upheld the state’s contentious fiduciary rule governing annuities and lift insurance sales practices.
Looking for a Financial Planner? The Go-To Website Often Omits Red Flags
The Certified Financial Planner (CFP) Board doesn’t inform website users about thousands of planners with customer complaints, regulatory skirmishes and other problems, including bankruptcy filings.
