The Times Editorial, Fiduciary Duty and the Levitt Rule
What is unethical? Not a broker-dealer that sells proprietary product, but one that just meets fair-dealing suitability rules while simultaneously telling investors that “We always place our clients first.”
Does Raymond James Support the Fiduciary Standard … in Practice?
Raymond James Financial Services' Scott Curtis makes a curious remark on the fiduciary "concept," which seems at odds with departing RJFS CEO Dick Averitt's professed principles.
JPMorgan, the Dimon Principle and Fiduciary Duty
Do JPMorgan's own words on its fiduciary duty meet the higher demands of the Dimon Principle?
Piling On Goldman While Obscuring the Big Truth
What's been almost entirely missing from the frenzy is a discussion of why Goldman Sachs, according to Greg Smith, was not violating federal regulations.
John Bogle: the Most Successful Wall St. Occupier
The founder of Vanguard and inventor of index funds’ greatest accomplishment may be yet to come: creation of a “fiduciary society.”
Why Schapiro’s ‘Business-Model Neutral’ Fiduciary Approach Shouldn’t Be News
Despite the ruckus over SEC Chairman Schapiro's comments on a 'business-model neutral' fiduciary standard, it shouldn't be a big deal if SEC rule-making remains true to Dodd-Frank and the plain meaning of its plain language.
As Academic Research Shows, Disclosure Fails to Protect Investors From Advisors’ Conflicts
Just listen to Yale Management Professor Daylian Cain's sobering view: “Conflicts of interest are a cancer on objectivity. Even well-meaning advisors often cannot overcome a conflict and give objective advice."
Does the Fiduciary Standard Cost Too Much? Not So Fast
Washington's search for new ways to pay for government, is a good omen for the fiduciary standard, particularly the arguments that it’s “too costly.”
SEC Fiduciary Report Is a ‘Bold Blueprint’
In SEC rule-making to come, a call to adhere to the Advisers Act standard, as confirmed by the Supreme Court
What the Uniform Fiduciary Standard Will Not Be
SIFMA CEO Tim Ryan says matter-of-factly: the "uniform" fiduciary standard that the Securities and Exchange Commission (SEC) is working on will not be the fiduciary standard under the Advisers Act of 1940, because, he opined, we have to have a standard that will "work for everyone."