Uniform Fiduciary Standard Might Win Bipartisan Backing


Uniform Fiduciary Standard Might Win Bipartisan Backing

Members of a U.S. House of Representatives’ Financial Services Committee from both sides of the aisle seem to be pushing for a uniform fiduciary standard for all advisors. But the key questions – which remain unanswered – are how can this be achieved and how would this work?
When Finra CEO Robert Cook appeared before the House Subcommittee on Capital Markets, Securities and Investments last week the most common concerns raised by the legislators involved the Department of Labor’s fiduciary rule – which Republican and Democratic subcommittee members alike seemed to oppose, for various reasons – and the need to have a …

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