Industry commentator, Bob Veres, argues that fiduciary advocates should emphasize the “catastrophic failures” of the brokerage business model.
Congress begins to discuss ESG and whether regulatory action should begin, but there is still contention within the house
Two years after Regulation Best Interest critics speak out and urge more change addressing conflicts of interest.
The SEC has issued a Regulation Best Interest ruling against a brokerage and five registered representatives
Industry Leaders remark on recent popularity of separating fee-only advising and investment management. Noting the advantages this change can have.
Regulation Best Interest isn’t requiring financial advisors to adhere to a fiduciary standard like some might think.