Court finds registered account investors were charged undisclosed currency fees for 10 years
State rules follow the demise of the federal DOL standard
The new broker conduct rule waters down the protections in the Dodd-Frank Act, the states say
The reforms also feature new relationship disclosure requirements for both registered investment advisors and broker-dealers
Neither product nor sales volume fell
The regulator intends to publish a paper this fall with detailed reform proposals
Tips for knowing when you’re in a fiduciary relationship and providing dutiful service
U.S. securities industry lobbyists say developing standards at the state level will result in conflicting requirements
The group argues that the proposed rule, as it stands, is too weak in certain respects and too ambiguous in others
Three states rush to defend regulations that require retirement investment advisors to put the interests of their clients above their own financial gain