Letter: SROs at a crossroads
Investors want regulation that will watch their back and a regulator they can trust, writes Ken Kivenko
- August 4, 2020 August 4, 2020
- 10:31
Investors want regulation that will watch their back and a regulator they can trust, writes Ken Kivenko
The conflicts of interest in selling products with embedded commissions are enormous, as evidence shows
Gross is not saying that advice shouldn't be paid for; he is only saying that the investment advice that investors receive should be unbiased of sales incentives
Seniors are disproportionately exploited by advisors
An investor advocate suggests that the fund sector should embrace reform or face an investor rebellion