An avalanche of comments deluged news outlets over the recent release of the Securities and Exchange Commission’s “Study on Investment Advisers and Broker-Dealers.”
The study urges that a uniform fiduciary standard be adopted for both investment advisers who now adhere to it and broker-dealers who often rely on the so-called suitability standard. It was a result that was widely expected. The 208-page document spells out its recommendations and its reason for calling for a uniform standard can be summed up in one word: confusion.
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
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access