Schwab IMPACT: SEC Should Consider B/D-Only Rules
Nov 15, 2017 | Diana Britton | Wealth Management
Photo by Diana Britton
Investment advisors prefer that the SEC leaves the Investment Adviser’s Act fiduciary duty alone.
Seventy-four percent of RIAs say the SEC should focus on b/d-only new rules, according to a Schwab Advisor Services’ advisory board survey. That compares to 13 percent who say investment advisors and b/ds should have the same rules, and 12 percent who say the SEC should make no rules in this area.
FSI Wants Disclosure Regime for SEC’s Fiduciary Rule
