SEC’s commitment to tougher broker rules questioned

April 3, 2015 by Nick Thornton

The Institute for the Fiduciary Standard said Thursday it has doubts about the SEC’s ability to formulate a fiduciary standard that will protect the interest of Americans trying to save for retirement.

Those doubts, according to Knut Rostad, president of the nonprofit Institute for the Fiduciary Standard, are based on a close examination of public comments made by various SEC officials and agency rulings.

The “culture” at the SEC, Rostad claimed, regards conflicts of interest as unavoidable and views the difference between the tougher fiduciary standard and the “suitability” standard to which the securities industry is held as minimal.  Click HERE to read…

Originally Posted at LifeHealthPro on April 3, 2015 by Nick Thornton.