So the results are in: The Securities and Exchange Commission announced Saturday morning, after six months of study, that advisors should be held to a fiduciary standard because investors assume their brokers are acting in their best interests anyway.
Industry response has been as predictable as the SEC report’s findings—it’s hard to argue against putting investors’ interests first, after all, but don’t bring in a rule that will hurt broker-dealers’ bottom lines.
Register or login for access to this item and much more
All On Wall Street 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