Avoiding Harm in Harmonization of Fiduciary Standards
The Department of Labor’s fiduciary rule may be fairly straightforward, but there may be a more delicate dance to be done than many may think when it comes to reconciling it with the thrust of the Securities Exchange Act of 1934 and the Investment Advisors Act of 1940. In MarketBeat
, John Iekel discusses a blog post by FiduciaryNews
’ Christopher Carosa that examines the matter.