The 40 Act has been effectively repealed.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 speaks with Tom Burroughes with Family Wealth Report about what Reg BI means for the financial industry landscape.
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.