Disclosure not the solution for a fiduciary standard, industry reps agree

February 2, 2018 by Jeff Benjamin

Representatives from both the brokerage industry and the registered investment advisory side of the advice business expect the Securities and Exchange Commission to produce some kind of proposal this year for a fiduciary standard for brokers.

And both agreed that simply requiring brokers to disclose potential conflicts of interest will not satisfy the need for an effective fiduciary standard.

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Originally Posted at InvestmentNews on February 2, 2018 by Jeff Benjamin.