Personal Finance Advice and Commentary

Tuesday, November 09, 2010 3:31 pm
By Sheyna Steiner · Bankrate.com

If you ask some broker-dealers, as well as insurance agents, a uniform fiduciary standard is not in consumers’ best interests. Disclosing commissions and increased transparency of fee structures will result in higher costs for consumers as well as reduced choice. Consumer advocates disagree. The Dodd-Frank Act, signed into law in July, empowered the Securities and