The association maintains that brokers who hold the CFP designation may be confused by having to comply with both the board’s fiduciary requirement and Regulation Best Interest.
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The American Securities Association is urging the CFP Board of Standards to ease up on enforcing its fiduciary requirement for CFP holders who comply with Regulation Best Interest. So reports Barron’s.
The association maintains that brokers who hold the CFP designation may be confused by having to comply with both the board’s fiduciary requirement and Regulation Best Interest.