Monday, November 16, 2009
Dodd bill would make reps fiduciaries
The Senate Banking Committee's plan to overhaul Wall Street has received a cool reception in the brokerage world... [it] eliminates the “broker-dealer exemption” from the adviser registration provisions under the Investment Advisers Act of 1940, effectively requiring brokers providing advice to register as advisers and be subject to a fiduciary standard. That standard would be the same applied to advisers and would require them to put the client's interests first...
Investment News: Dodd bill would make reps fiduciaries
Investment News: Dodd bill would make reps fiduciaries
Permalink posted by markw @ 5:37 AM 
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