President Obama announced in late February that a Department of Labor rule requiring investment professionals to adhere to a fiduciary standard when advising retirement plan participants is being submitted for review by the Office of Management and Budget.
Skewed financial incentives for advisers can lead to less than optimal financial advice. What is the answer to conflicts of interest?
As the year winds down, consumers should tune into the debate over the fiduciary standard. The SEC may decide to move forward with the rule — or drop it.
A rule that could protect investors has been delayed until 2015. The proposal from the DOL would expand the fiduciary standard to more retirement plan advisers.
A rule on a fiduciary standard for broker dealers is on hold but still alive.
The House of Representatives harms investors by passing a bill that purports to protect them.
The SEC is close to formulating a rule on equity crowd funding.
A bill came out that purports to protect investors but actually does just the opposite.
A study this week shows 29 percent of investors think advice is free, and 31 percent aren’t sure how their adviser is paid.
In mid-January, the SEC requested comments from the public on financial literacy and investor disclosure issues. The Dodd-Frank Act mandated that the SEC conduct this study to identify investors’ levels of financial literacy and come up with ways of improving disclosure materials pertaining to investment products, services and providers. They also must identify the most