Knut Rostad, founder of the Institute for the Fiduciary Standard, directed Maryland lawmakers to his group’s website, where real investor “Gail from Maryland” tells her story of being ripped off by an abusive broker.
Important articles on the fiduciary standard. Visit our Must Reads archive page to read older articles.
Knut Rostad praised the Maryland (fiduciary) bill, saying it would provide better investor protection than the SEC proposal.
First the Labor Department’s fiduciary rule collapsed. Then the SEC proposed Regulation Best Interest, a new broker regulation that left many investor advocates wanting more.
The North American Securities Administrators Association is escalating its call for tougher broker sales regulation, scheduling a Capitol Hill briefing for lawmakers, regulators and the media on March 5.
Why should you as an investor care if your financial advisor is a fiduciary? Here are some thoughts on this for those looking for a financial advisor or who are already working with one.
New Maryland bill would require financial professionals to act ‘without regard to’ their own financial gains