Have an idea for the Fi360 blog?
Send us your question or comment
Subscribe to the Fi360 Blog
Stay Connected to Fi360
- Designee Posting
- fi360 Conference
- Fiduciary Basics
- Fiduciary Corner
- Fiduciary Excellence
- Fiduciary Links
- Fiduciary Q&A
- Fund Analysis
- Great Sources of Information
- In the News
- Putting Process into Practice
- Regulatory Update
- Spotlight on Designations
- Spotlight on Practices
- What's new at fi360?
- Fi360 Fiduciary Talk 47: Filling the void in guaranteed retirement income
- Fi360 Fiduciary Talk 46: Fiduciary duties of elected officials
- Fi360 and American Funds Establish Integration Relationship
- Fi360 Fiduciary Talk 45: Fiduciary Rule scores victory in Texas
- Fi360 Declares March 23 National Fiduciary Day
Viewing posts in the Regulatory Update category.
Posted by Duane Thompson on October 09, 2013 in Regulatory UpdateLittle more than a year after FINRA’s new beefed-up suitability rule went into effect, some law firms are crediting the SRO and its members with a successful roll-out. One prominent law firm, reading between the lines of a report from FINRA on its recent examination observations, declared the updated rule “a fairly successful work in progress.” Another firm’s analysis interpreted the report as FINRA giving its member firms a “thumbs up on suitability rule compliance.” Although the new suitability standard sounds like a box office hit,...
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...