We’ll just keep the wolf; hold the sheep’s clothing
The SEC offers no evidence investors will benefit from Reg BI beyond vague, unsupported assertions
We’ll just keep the wolf; hold the sheep’s clothing
The SEC offers no evidence investors will benefit from Reg BI beyond vague, unsupported assertions
Proposed SEC advice rule obscures distinctions between two business models
Brian Hamburger: The SEC is not proposing harmony; it's proposing equalization
The SEC’s opportunity to serve the best interests of investors
But the agency's proposal does not require brokers to be fiduciaries for clients, instead establishing an undefined "best interest" rule.
The SEC knows what’s best
Is the agency's proposed Best Interest Standard really in the best interest of investors?