Fiduciary September 2012

Fiduciary September features initiatives aimed to advance the fiduciary spirit and status. It includes:

  • Urging Congress and the SEC to apply the fiduciary standard and the six core fiduciary duties to all professionals rendering investment advice.
  • Urging industry participants to embrace fiduciary duties when investment advice is rendered.
  • Educating investors about the sharp differences between fiduciary advisors and sales brokers.

Fiduciary Declaration Announced


The “Fiduciary Declaration” signed by twelve highly respected leaders in the financial services industry urges Congress, the Securities and Exchange Commission and Department of Labor to heighten and extend protections to investors receiving investment advice. The Institute presented this declaration to SEC Chairman Schapiro in a private meeting on September 11.

>> Full text of the Declaration
>> Knut Rostad’s Report on the September 11 Meeting



Media Coverage


The Signatories

Thank you to the twelve highly respected leaders in the financial services industry who signed the fiduciary declaration. Click below for their names and brief bios.

>> The signatories to the Fiduciary Declaration

Fiduciary September Gains International Attention

Thank you to the Canadian Foundation for Advancement of Investor Rights for featuring our initiative on their web site.


September 5, 11:00 AM – 12 Noon
Educational webinar for reporters. (Rostad’s Presentation) (Rhoades’ Presentation)

September 11
Unveiling of the Fiduciary Declaration and discussion in meeting with SEC Chairman Schapiro (Fiduciary Declaration – PDF).

September 25
Fiduciary Forum 2012
Venue: CATO Institute.
Speakers include former SEC Chairman Harvey Pitt.




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