Principles vs. Rules: The Fiduciary Debate in a Nutshell
At TD Ameritrade conference, CFA's Roper, IAA's Tittsworth and SIFMA's Carroll agree, disagree and look ahead at fiduciary standard, SRO for RIAs.
Can Advisors Have ‘Zero’ Conflicts of Interest? The Legal and Regulatory Record
The CFP Board’s director of investigations makes the case that there is no such thing as “zero” conflicts of interest and that the nature of “material” conflicts of interest is subject to change.
SEC Fiduciary Rule Stalled—But for How Long?
A fiduciary rule from the SEC looks to be years away.
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.
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.
Ron Rhoades’ Exit From NAPFA Shocks Fee-Based Advisor World
In a self-punishing mea culpa, Rhoades said he was stepping down from the NAPFA chairmanship after discovering that he had committed a violation as chief compliance officer of his firm.
The Pregnancy Test: Can a Broker Be a Little Bit Fiduciary?
For keeping the faith and shouting from the virtual rooftops, a shout-out to the keepers of the fiduciary flame.
Fiduciary Standard: Assessing SIFMA’s Peculiar Definition
With SRO for advisors back in play, comparing line-by-line SIFMA’s proposed fiduciary precepts with the 40 Act rules for RIAs.
Protecting the Public: After Fiduciary, Competence Is Next Frontier
Notwithstanding some of the successes of the Financial Planning Coalition in pushing forward the fiduciary battle in Washington, requiring all advisors to act in the best interests of their clients is still an uphill fight.
Fiduciary Duty Rule: A Status Report One Year Later
January 21 marks the one-year anniversary of the SEC handing over to Congress its report under Section 913 of Dodd-Frank recommending that brokers adhere to a fiduciary duty.