<b>The Takeaway:</b> Boasting that you’re a fiduciary may not be so smart

Portfolio

SeaWorld has a whale of a debut on the NYSE. Sorry.

Okay one more try: SeaWorld Makes a Splash In Trading Debut.

No?

Last try: Brokers place SeaWorld deal with clients, trainer tosses herrings into their mouths from tin bucket.

Okay I’m done. (DealBook)

BlackRock to fund buyers: You’re not good at this. (Business Insider)

Core bond funds are deviating from their benchmarks – is this a good or bad thing? (Morningstar)

The Biz

Boston-based brokerage Commonwealth finds a way to get up and running amidst Boston lockdown. (Financial Planning)

“The amount of money singles in their late 60s have saved up for retirement is dramatically less than that of married-couple households.” (MarketWatch)

She’s Back!: Rep. Maxine Waters, D-Calif., today introduced legislation that would allow the Securities and Exchange Commission to charge user fees to investment advisers to fund oversight of the industry. (Investment News)

Bloomberg’s Twitter A-List emerges as corporations get the green light to disseminate news on social networks. (Advisor One)

Pro Tip: Don’t be so quick to make grand pronouncements about how you’re a fiduciary. “Trust me” never engenders trust. (Nerd’s Eye View)

Outliers

Cartoon villains of Wall Street – all the red flags are apparent. (Bloomberg)

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Disclaimer: Joshua Brown is an investment advisor representative with Fusion Analytics. The content above is for informational purposes only, nothing here should ever be construed as investment advice or a solicitation to trade any securities. Mr. Brown or his firm may be long or short securities mentioned above for client or personal accounts at any time.