Sentences with phrase «uniform fiduciary standard»

«We support a new uniform fiduciary standard for everyone that's providing retail investment advice, and yet we have no idea exactly what that standard will look like.»

The SEC March 1 Release * assumptions about a possible uniform fiduciary standard and the duty of loyalty sharply restrict when fiduciary duties are applied.

Americans for Annuity Protection has engaged in active outreach to leaders of influence to establish the argument that the DOL's fiduciary rule should be returned because of the analysis performed by the department is flawed, inconclusive and arbitrary; it is not compatible with the Uniform Security Law or established insurance law, and the law has potential conflict with the Dodd - Frank requirements to the Securities and Exchange Commission (SEC) on reviewing a uniform fiduciary standard.

«As we have said since day one, there is no compelling evidence this rule is necessary to achieve a uniform fiduciary standard, and DOL's own analysis fails to make the case.»

«In a 2011 study, the SEC staff published its conclusion that «all financial advisers and stock brokers should be placed under a uniform fiduciary standard.»

In 2011, the Securities and Exchange Commission published a report titled «Study on Investment Advisers and Broker - Dealers,» which recommended that ALL financial advisers be subject to a uniform fiduciary standard.

While a uniform fiduciary standard would be disruptive to the retirement plan industry in the short - term, I believe it's in the best interest of all retirement plan stakeholders — participants, fiduciaries, and even financial advisors — in the long - term.

The DOL proposal does not establish a uniform fiduciary standard for all retirement plan financial advisors.

Dale Brown, FSI's president and CEO, stated on the call that FSI, as well as the other groups joining the suit, «has supported a uniform fiduciary standard since 2009 — before Dodd - Frank became law... but the Department of Labor's complex and unworkable rule will only harm the smaller investors it claims to protect.»

SIFMA believes the DOL proposal «is an overbroad expansion of the fiduciary standard,» but it does support a uniform fiduciary standard.

Though SIFMA believes the DOL proposal «is an overbroad expansion of the fiduciary standard,» it does support a uniform fiduciary standard.

White announced in a late March speech that «in order to more fully inform the commission's decision on this matter,» she had directed SEC staff to compile a list of all those options, including, she said, «a uniform fiduciary standard for broker - dealers and investment advisors when dealing with retail customers, and other measures that may be more targeted and achievable in the shorter term.»

For the person that's fully commission - based, I don't think they'll exist because when the regulators finally decide that there's a uniform fiduciary standard for anyone dealing with the public, they'll be forced to adapt.

Dale Brown, FSI president and CEO, remarked in a Friday statement that FSI «applauds the president's action, which will delay a rule with devastating consequences for so many people,» adding that FSI «stands ready to work with the president and his administration to put in place a uniform fiduciary standard that protects investors, while not denying quality, affordable financial advice to those who need it most.»

Dodd - Frank authorizes the SEC to establish a uniform fiduciary standard which «shall be no less stringent than the standard applicable to investment advisers,» the Institute wrote in the comment letter.

SEC Chair Mary Jo White's recent statement that the SEC should proceed with rule - making on a uniform fiduciary standard focuses attention on what such a rule may entail.

«As an example, SIFMA advocates that all products available to investors today through the suitability standard should automatically be available through a uniform fiduciary standard, essentially negating the fiduciary «best interest standard,» added Rostad.

«For the uniform fiduciary standard to be effective, investors need to understand any material conflicts of interest» and «the staff believes it is the firm's responsibility — not the customers» to reasonably ensure such customer understanding.

Adoption of a uniform fiduciary standard will bring substantial practical benefits and additional investor protections for consumers of all incomes.

Consumers are harmed by the absence of a uniform fiduciary standard that applies to all financial professionals who provide personalized investment advice, from paying excessive fees and commissions to receiving substandard performance.

he Financial Planning Coalition to urge the SEC to adopt a uniform fiduciary standard, for both investment advisers and broker - dealers, which is no less stringent than the existing fiduciary standard for investment advisers.

Wouldn't the adoption of a uniform fiduciary standard create additional costs for broker - dealers?

CFP board is working with the Financial Planning Coalition to urge the SEC to adopt a uniform fiduciary standard, for both investment advisers and broker - dealers, which is no less stringent than the existing fiduciary standard for investment advisers.