The trade groups’ petition focuses attention on the particulars of a disclosure when a recommendation entails a conflict of interest.
The SEC and CFP Boards standards are a giant leap backwards. They violate commonsense and will further distance investors.
Industry groups are petitioning the SEC for a new rule that allows them to circumvent their fiduciary duty. Why?
The “conflicts virus” shares much in common with the coronavirus that embattles our country.
Conflicts of interest are a threat, but some regulators don’t seem to see the need to restrain them.
Knut Rostad interviewed Former CFPB Chair, Susan John, about CFPB’s recent decision to erase advisor compensation methods from its website.