Already a Financial Advisor IQ Reader?
April 25, 2017
Last week the SEC’s acting chairman said he thinks the commission should write its own regulation in place of the Department of Labor’s own stalled fiduciary rule. An SEC rule could cover all brokers and all clients, not just advisor/client relationships in retirement savings. Should the SEC write its own fiduciary rule, presumably with broader scope?
|Yes. The SEC is the regulator, not the DOL. And it should apply to all advice.|
|No. There's simply no need for a fiduciary rule. The currently framework is enough.|
Diamond Hill Capital Management
|The Client - Finding and winning new clients||The Client - Client retention|
|The Client - ERISA plans/institutional management||The Client - Behavioral finance|