New York City Comptroller Scott Stringer is tired of waiting on the SEC to create a uniformed fiduciary standard for advisors.

While the federal agency seems to finally be gaining traction on the fiduciary issue after years of on-and-off debate, Stringer has announced his own proposal that would require all financial advisors working in New York State to disclose “in plain language” whether or not they operate under a fiduciary standard, according to a press release.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access