There is speculation this week that Senator Christopher Dodd (D-CT), will introduce new financial reform legislation that fails to make single fiduciary duty for Registered Independent Advisors (RIAs) and Broker-Dealers. This represents an expected 180?on the subject of fiduciary duty reform in light of intense lobbying efforts by the financial industry.
Posts Tagged ‘Regulatory Standards’
Fiduciary Duty Reform Proposal May Backtrack on Previous Rhetoric
March 2nd, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Backtrack, Banking Committee, Broker Dealer, Broker Dealers, Christopher Dodd, Committee Member, Fiduciary Duty, Fiduciary Issues, Independent Advisors, Investor Protections, Reform Legislation, Reform Proposal, Regulatory Standards, Rias, Securities And Exchange Commission, Senator Christopher Dodd, Senator Tim Johnson, Straw Man, Subprime Mortgage Meltdown, Tim Johnson 
Comments OffSIFMA embraces new federal fiduciary standard
July 17th, 2009 Before You Invest SIFMA announced today that its Private Client Group Steering Committee unanimously supports a new federal fiduciary standard, which would be developed by the Securities and Exchange Commission, for broker-dealers and investment advisers who provide personalized investment advice. The proposed uniform set of regulatory standards is designed to strengthen safeguards for investors. “Under this new, federal fiduciary standard, it won’t matter who is giving the advice — broker or adviser — investors will be protected by the exact same federal fiduciary standard when receiving the same services,” said SIFMA President and CEO Timothy Ryan.more athttp://online.wsj.com/article/SB124777904357053753.html
