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The case for a real fiduciary standard is a case for the values and principles that are vital, self-evident and indisputable – like the values that inspired our nation’s founders. And that the country heard last month in eulogies for George H. W. Bush.
Knut's Views
The SEC Isn’t Giving Us Straight Talk
If passed, the SEC’s 125,993-word proposed Reg Best Interest (“Reg BI”) will harm investors and greatly change the competitive landscape for brokers and advisors.
Regulation Best Interest – A Junk Food Diet
Putting choice ahead of professional conduct, the RBI buffet embraces the junk food Mr. Cohn champions.
Mr. Chairman, “Rebuild the 40 Act Wall”
I challenge any reader of this article to cite an example where broker-dealers urged brokers to avoid conflicts over disclosing conflicts.
The SEC is Failing to Serve Retail Investors
Advising in an intimate relationship of two differs markedly from offering incidental advice in a sales relationship of three. This is what the SEC needs to know to close the gap and create a standard retail investors would reasonably expect.
A Path Forward for the CFP Board
The CFP Board set out in its proposed standards fiduciary duties for all advice. Its statements are clear and strong. This is an important step. But alone, it falls very short. Why?
