He believes the Department of Labor proposal to impose the standard has inadequate guidance for helping advisors navigate conflicts of interest and for using appropriate compensation models.
Estimated reading time: 0 minutes, 23 seconds
FINRA Chief: Fiduciary Standard May Hurt Lower-Income Investors
Adopting a fiduciary standard for retirement advisors could cause investment professionals to fear legal liability and abandon the market, which could result in a loss of services to low- and middle-income investors, says FINRA Chairman and CEO Richard Ketchum. So reports Financial Planning.
Most Read
-
-
Feb 21 2011
-
Written by Administrator
Add us to your Safe Sender list: We want to…
-
-
-
Nov 07 2012
-
Written by Administrator
Progressive Media Group Subscription Agreement This agreement states the general…
-
-
-
Mar 09 2013
-
Written by Staff Writer
While market bulls are understandably cheering the ongoing equity rally…
-
-
-
Nov 07 2012
-
Written by Administrator
Welcome We’re glad you chose to visit a Progressive Media…
-