Wednesday, December 16, 2009
Missed a few spots: 'Sweeping' financial reforms don't clean house
When it comes to protecting consumers from rogue financial advisers, politicians just can't get out of their own way. The result is sound and fury, accomplishing nothing... As part of the sweeping financial services reforms that passed in the House this week, there was a requirement for the Securities & Exchange Commission to write rules that would establish a "fiduciary duty" for brokers who provide investment advice. While most people were focused on the broader aspects of regulatory reform, this was the one element most likely to hit home for financial consumers... MarketWatch: Missed a few spots: 'Sweeping' financial reforms don't clean house
Permalink posted by markw @ 6:11 AM 
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