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10 responses to “Study: SEC Fiduciary Delay Costing Retirement Investors $1 Billion per Month”

  1. February 13, 2013 « The Morning Pulse

    […] SEC Fiduciary Delay Costing Retirement Investors $1 Billion per Month […]

  2. Why the Fiduciary Standard Can't Wait: Goldman Sachs Group, Inc. (GS)

    […] cost of waiting: $1 billion a month Last week, an article in Fiduciary News examined some recent academic research that sought to answer the SEC's call to […]

  3. David Dayen: Mysterious Study Backs Financial Adviser Thieves Who Want To Keep Bilking Small Investors « naked capitalism

    […] of interest like this cost retirement investors at least $1 billion a month, because the funds they get channeled into underperform the […]

  4. Joel

    How about the trillions that are in open accounts. Add this to the pile of qualified money and you can see high massive this rip-off is.

  5. Walmart CEO: Food Stamp Cuts Could Be Good for Business

    […] of interest like this cost retirement investors at least $1 billion a month, because the funds they get channeled into underperform the […]

  6. Kate McBride

    Chris — this article is even more important now than when you wrote it. If you go just from Ma 2009 and the Treasury white paper recommending financial reforms, we have 68 Billion in excess costs to investors. But I think this is very conservative. Cheers– Kate McBride

  7. Jim Watkins

    Chris – Excellent article. What makes the delay even more confusing is the fact that FINRA has repeatedly stated that brokers are required to always put a customer’s interests first. (See FINRA 11-25 and 12-25, and the various enforcement cases cited upholding such position.)

  8. Bryan Berry

    Chris – this snowball has been picking up too much speed to not eventually get pushed through as the rule. As more and more true information gets out, one can only hope that plan sponsors – if at the very least in the $10 million and under plans will come to understand the wisdom of working with a true fiduciary. Keep up the good work.

  9. Obama is backing plans to raise standard of brokers – but consumers could be key | Kronosim

    […] billion dollars a month. That’s the approximate cost of America’s failure to forge ahead with one of the reforms that would have the most […]

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