Imagine: Brokers Who Work for Investors
In 2011, the Securities and Exchange Commission published a study, mandated by the Dodd-Frank Act, which concluded that all financial advisers and stock brokers should be placed under “a uniform fiduciary standard.” Basically this meant that brokers and advisers would have an obligation to put the interests of clients first and must disclose any conflicts of interest that might compromise that duty.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Trump's Numbers Are Really, Really Bad
- Has Trump Fixed the 'Worst Deal Ever'? Kinda, Sorta
- The Long-Term Stock Exchange Is Worth a Shot
- Authoritarian Cryptocurrencies Are Coming
- North Korea Is Playing a Longer Game Than the U.S.
- California Can't Make Trump an Ethical President
- Why Weinstein Held On For So Long and Fell So Fast