“We Stopped Putting Our Clients First” Greg Smith, a 12-year veteran executive of Goldman Sachs, set Wall Street buzzing this morning with his explanation on the opinion pages of The New York Times of why he had just resigned. Smith’s chronicle of how the firm changed during his tenure underscores why Wall Street needs to […]
Knut's Views
Who Can Investors Trust in the US?
February 8, 2012 – The Wall Street Journal Who Can Investors Trust in the US? What appears to be about to happen is that US regulators are going to abandon a 70-year-old standard (or a 750-year-old standard, depending on how you count) that made fiduciaries responsible for their trustworthy behaviour
Knut Rostad’s Letter to New York Times’ David F Swensen’s Op-ed
August 26, 2011 – Institute Letter to The New York Times supports David F. Swensen’s Op-ed.
Institute for the Fiduciary Standard – Advisorone.com
August 23, 2011 – “New Institute for the Fiduciary Standard Elevates the Conversation,” Bob Clark, AdvisorOne
Fiduciary Standard Launch – Investmentnews.com
August 22, 2011 – Fiduciary-standard-gets-new-and-influential-advocate (pdf)
Mutual Fund Merry-Go-Round
August 13, 2011 – David F. Swensen, Chief Investment Officer of Yale University calls for fiduciary duty for brokers in an Op-Ed in The New York Times, August 13, 2011, “The Mutual Fund Merry-Go Round.” He writes: “the S.E.C. should hold the mutual fund industry to a “fiduciary standard,” one that puts clients’ interests first. […]
