The Securities Litigation Expert Blog

FINRA CEO Ketchum Calls for a Uniform Fiduciary Standard for Broker Dealers

Posted by Jack Duval

May 23, 2013 2:48:35 AM

Speaking at the FINRA Annual Conference in Washington, FINRA CEO Richard Ketchum called the SEC out on implementing the uniform fiduciary standard contemplated under Section 913 of the Dodd-Frank Act.  (A1)  Furthermore, if the SEC doesn't act, Ketchum said that FINRA would

"look hard (at issuing) an additional disclosure rule with respect to broker-dealer firms."

Section 913 of the Dodd-Frank Act can be found here.
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Topics: FINRA, Investment Advisors, litigation, SEC, Dodd-Frank Act, fiduciary standard, regulation.

The New York Observer Weighs in on the Fiduciary Battle Between RIAs and BDs

Posted by Jack Duval

Aug 22, 2012 8:50:22 AM

The Observer has always published interesting, if not quirky, financial reporting.  Here's a serious piece on the fiduciary standard battle currently raging across the financial industry.

A surprising number of heavy hitters are putting their two cents in - from many different walks of life.

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Topics: RIA, broker dealer, The New York Observer, Compliance, fiduciary standard

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