September 24, 2010
The Fiduciary Forum 2010
In Fall 2010, as Required by Section 913 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Securities and Exchange Commission (SEC) conducted a Study on Investment Advisers and Broker-Dealers of the stark differences between brokers’ suitability or “buyer beware,” sales standard, and investment advisor’s fiduciary duty to always put client’s interests first. The Committee believed this was an historic opportunity, the first in seventy years, to contribute to the discussion by providing regulators and policy makers the views of leading independent academics and practitioners in an open forum. more