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Fiduciary Links: Announcing the fi360 Article Competition, and the Fiduciary Survey

Posted by on March 04, 2013 in Fiduciary Links What's new at fi360?

Enter our annual fi360-AdvisorOne Article Competition, and participate in the Fiduciary Survey.

Fiduciary Links: Announcing the fi360 Article Competition, and the Fiduciary Survey

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The Next Step to a Uniform Fiduciary Standard

Posted by Byron Bowman on February 27, 2013 in

During her testimony before the Senate Banking Committee on February 14, SEC Chairman Elisse Walter discussed the next step in the long road toward a uniform standard for investment advisers and broker-dealers. In response to spirited questioning by Sen. Jon Tester (D-Mont.), Chairman Walter predicted that the SEC will issue a formal request for information regarding the costs and benefits of a rule imposing a uniform standard of conduct. The SEC hopes to receive comments not only from investment advisers, broker-dealers, and the other “usual suspects,” but also from investors—both retail and institutional. Chairman Walter anticipates that...

The Next Step to a Uniform Fiduciary Standard

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Fiduciary Links: Take the Third Annual fi360-AdvisorOne.com Fiduciary Standard Survey

Posted by fi360 Team on February 26, 2013 in Fiduciary Links What's new at fi360?

fi360 and AdvisorOne.com have just launched our third annual Fiduciary Standard Survey. The survey is open to all types of financial advisors and seeks to find how well advisors understand the fiduciary standard of care, how they feel about the standard, and how those attitudes are evolving over time.

Fiduciary Links: Take the Third Annual fi360-AdvisorOne.com Fiduciary Standard Survey

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Fiduciary Links: New fiduciary champion on Senate Banking Committee?

Posted by Bennett Aikin on February 20, 2013 in Fiduciary Links

>>>Last Thursday, the Senate Committee on Banking, Housing, and Urban Affairs held a hearing on the progress of Wall Street Reform. The hearing featured leaders from seven regulatory agencies and made headlines as Elizabeth Warren’s first chance to grill regulators as a senator. The clearest fiduciary angle, though, comes from the testimony of SEC Chairman Elisse Walter. The InvestmentNews story of the hearing recaps Senator Jon Tester (D-Mont.) pressing Ms. Walter on fiduciary rulemaking. The article rightly points out that with nearly 100 mandatory Dodd-Frank rules at hand, progress is slow. Ms. Walter, for...

Fiduciary Links: New fiduciary champion on Senate Banking Committee?

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Fiduciary Hedge Clauses, Mary Jo White, and the Pending Rule

Posted by Duane Thompson on February 14, 2013 in Regulatory Update

>>>>The Investment Advisers Act of 1940 has long prohibited so-called “hedge clauses,” provisions in an advisory agreement that waive compliance with any provision of the Act. In terms of the advisor’s fiduciary duty, any effort to waive it would be folly – unless you are Congress or the SEC. In its own inexplicable wisdom, Congress chose to narrow the parameters of the fiduciary duty under the Dodd-Frank reform act by limiting investment advice to retail customers, and curtailing the duty once advice is dispensed. The prognosis for preserving the traditional fiduciary standard isn...

Fiduciary Hedge Clauses, Mary Jo White, and the Pending Rule

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