The 40 Act has been effectively repealed. But its passing has gone unnoticed. In the long shadow of the market crash and severe depression, the 40 Act was the equivalent of investors’ civil rights legislation.
Knut's Views
WEALTH TALK America: Focus On Regulation Best Interest
Knut speaks with Tom Burroughes with Family Wealth Report about what Reg BI means for the financial industry landscape.
Petition against ‘regulation by enforcement’ is a stunning case of industry disdain for rule of law
The trade groups’ petition focuses attention on the particulars of a disclosure when a recommendation entails a conflict of interest.
SEC and CFP Board Standards Reject Common Sense
The SEC and CFP Boards standards are a giant leap backwards. They violate commonsense and will further distance investors.
Can Industry Groups Handle the Truth?
Industry groups are petitioning the SEC for a new rule that allows them to circumvent their fiduciary duty. Why?
The Virus that Threatens Fiduciary Advisors
The “conflicts virus” shares much in common with the coronavirus that embattles our country.
