New Jersey could be first in fiduciary ‘blue wave’ with pending proposal

October 9, 2018 by Mark Schoeff Jr.

A calm surface on the waters of investment advice reform is about to be broken by what could be the beginning of a fiduciary blue wave at the state level.

Next Monday, the New Jersey Bureau of Securities is expected to release for public comment a proposed rule that would require all financial advisers in the state to put their clients’ interests ahead of their own when making investment recommendations.

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Originally Posted at InvestmentNews on October 9, 2018 by Mark Schoeff Jr..