Vanguard’s Bogle to SEC’s Schapiro: Include Institutional Advisors in Fiduciary Rule
In the debate over how to shape a fiduciary mandate for brokers, Vanguard founder John Bogle says that the SEC should include in its rule advisors to registered investment companies, which have been “ignored.”
SEC’s Schapiro to AdvisorOne: Fiduciary Issue Still ‘Important’
Before meeting with industry heavyweights on Tuesday regarding the fiduciary rule, Schapiro told AdvisorOne that the SEC is still working to advance a fiduciary rulemaking.
Kicking SEC’s Fiduciary Efforts Back Into Gear
Barbara Roper of the CFA and others discussed ways to get the SEC to move forward on proposing a fiduciary rule on a conference call Wednesday.
Why Focus Only on the Surface Costs of Fiduciary Advice?
It’s time we started talking about what financial consumers are giving up in return for their “free” advice.
Harmonizing DOL, SEC Fiduciary Rules Forces a Stark Choice, fi360 Warns Lawmakers
Harmonizing the two rules, fi360 says, would require the SEC to toughen its rules or the DOL to relax them, violating ERISA requirements and weakening protections for retirement plan participants.
Fiduciary Rule Could Be Years Away: Industry Experts
Knut Rostad, president of the Institute for the Fiduciary Standard, told AdvisorOne on Wednesday that regulators will most likely "continue to punt" the fiduciary issue.