A fiduciary standard is becoming the phoenix of financial service reform. This time, it’s rising in the form of legislation floated late last week by Senate Banking Committee member Herb Kohl, D-Wisc. The draft amendment to financial services reform legislation would require brokers, RIAs or planners – in short, anyone who performs financial planning duties – to be regulated by a new board that would promote adherence to a fiduciary standard. Full Story

Comments (0)

Write comment