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Keyword: Best interest standard

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The reforms also feature new relationship disclosure requirements for both registered investment advisors and broker-dealers

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The group also called for fintech regulation

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How will firms be able to address conflicts of interest in four common scenarios?

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David Gary Durno implemented an active trading strategy for two senior clients that “generated large commissions for himself and his firm but reduced client profits”

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The new requirement would introduce “specific obligations” that would expand financial planners’ obligation to prioritize their clients’ interests

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The group argues that the proposed rule, as it stands, is too weak in certain respects and too ambiguous in others

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Investor Advisory Panel calls on regulators to adopt a “best interest” standard as soon as possible

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Conduct standards in the U.S. brokerage industry remain in flux

  • April 24, 2018 July 23, 2019
  • 15:00
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The U.S. regulator has also proposed introducing a mandatory new disclosure document that sets out the terms of advisory relationships

Editorial

  • By: IE Staff
  • October 27, 2017 August 6, 2019
  • 00:30