Knut Rostad
The trade groups’ request to the SEC focuses attention on the particulars of a disclosure when a recommendation entails a conflict of interest
Conflicts of interest are a threat, but some regulators don't seem to see the need to restrain them
The question is how much mitigation and elimination of conflicts — versus disclosure — will really happen at firms and be required by the SEC.
It looks like the SEC will not require financial advisers to avoid or mitigate material conflicts, merely disclose them.
'Dred Scott' comments by the SkyBridge Capital executive 'are so at odds with the DOL rule, law, logic and basic human decency, they demand a rebuke.'
