The New York Supreme Court has upheld the state’s contentious fiduciary rule governing annuities and lift insurance sales practices.
Important articles on the fiduciary standard. Visit our Must Reads archive page to read older articles.
Looking for a Financial Planner? The Go-To Website Often Omits Red Flags
The Certified Financial Planner (CFP) Board doesn’t inform website users about thousands of planners with customer complaints, regulatory skirmishes and other problems, including bankruptcy filings.
FSI Says ‘Costly’ N.J. Fiduciary Proposal Threatens Investors In State
BD lobbyists claim fiduciary rules harm investors while AARP members call for New Jersey to proceed with its own rule.
Adviser Regulation Caught Up in Partisan Era, Making it Hard to Plan for Future
A change in the White House in 2020 could result in a reversal of new SEC advice reform rules, just as the last presidential transition left the DOL fiduciary rule dead.
InvestmentNews Pegs Reg BI and Self-Regulation
This article hits on the necessity of the BD industry to raise its game and do what’s right. That requires “principled people to carry [the rules] out.”
RIAs Warned: Ramp Up Marketing Before BDs Roll Out ‘Best Interest’ Campaigns
Advisors who want to market themselves in a Reg BI world need to show the advantages of working with a fiduciary while underscoring brokers’ weaknesses.