That brokers and BD firms appear to hold such divergent views of core fiduciary requirements may be explained in numerous ways.
Knut's Views
Conflicts of Interest and the Duty of Loyalty at the Securities and Exchange Commission
Recently, Securities and Exchange Commission (SEC) Chair Mary Jo White said she supported the SEC moving ahead with a uniform standard for broker-dealers and investment advisers. Knut Rostad’s paper is published here in the September issue of The Investment Lawyer.
Fiduciary September: A Time for Client-Centered Advisors to Come Together
The Institute for The Fiduciary Standard’s 4th “Fiduciary September,” kicks off today at 4:30 EDT with a conference call on the “Best Practices for Fiduciary Advisors.”
Investment Advisers Act 75th Anniversary – Statements from Industry Leaders and Experts
The Investment Adviser Association (IAA) asked a number of industry professionals, regulators, and other experts to share their views on the value the Investment Advisers Act has brought, and also asked them to forecast what lies ahead for the Act and its founding principle, the fiduciary duty. The Institute includes two responses, one from former SEC Chairman, Arthur Levitt, and the other from former IAA CEO, David Tittsworth, because they focus sharply on the challenge confronting the SEC regarding fiduciary duty and why this highest standard matters to investors. Below are the transcriptions of their video responses.
Fiduciary September 2015: A Historic Time for Fiduciary Advice
Today marks the beginning of Fiduciary September 2015, the month declared four years ago by the Institute for the Fiduciary Standard as a time to commemorate why fiduciary duties in financial advice matter so much to the markets and investors.
Time for Wall Street to Show Investors Their Trust Matters
Industry comments on the DOL conflict of interest rule are in and offer a treasure trove of industry thinking. One such gem may be industry views on the continued abysmal levels of investor trust.
