Why do so many consumers stumble when asked how brokers and fiduciary advisers differ but can recite blindfolded how a butcher and nutritionist differ? Clue: It’s not “investor confusion.”
Advisor News
‘Reg BI’? Instead, How Does ‘New Suitability’ Sound?
Institute leaders want the SEC to ensure retail investors understand when they are not working with fiduciaries.
Difference Between a Broker and an Advisor
Darren Fogarty, Employee Benefits Advisor at Wincline, describes the differences between brokers and fee-only advisors.
Fiduciary Advocates Urge SEC to Rename Reg BI, Eliminate Broker Conflicts
In addition changing Reg BI’s nomenclature, the Institute for the Fiduciary Standard called for many changes by the SEC.
Gensler Expected to Put Teeth in Reg BI — Not Overturn it
Gensler has developed a reputation as a tough regulator who also was a successful leader on Wall Street.
Biden Financial Transition Team Cheers Investor Advocates
But how a Democratic-led SEC interprets and enforces Reg BI depends on its chair.