It really doesn’t appear the SEC is serious about the fiduciary standard. It seems more interested in using it as a pawn in a looming partisan fight. Where does this leave the proponents of the fiduciary standard? What other alternatives do they have?
Commentary
One the dust settled, the rejoicing stopped and outright concern rose. Perhaps the Republicans on the SEC Commission were right, albeit for the wrong reasons.
This was perhaps the most critical regulatory week in years with the SEC issuing two highly anticipated reports, including the Fiduciary Standard report. Many of this week’s articles explain the intrigue behind the SEC’s doings.
As the world waits for the SEC to declare their decision on the fiduciary standard, the media spits out its last thoughts before the regulator makes its announcement.
The major media tries to say something on the industry and falls flat. Meanwhile, the industry journalists write about things that matter, but only insiders read.
An otherwise quiet news week produces a flurry of stories on one single under-reported issue: coincidence or not?
For a slow news week a surprising number of hard-hitting news articles.
Is this the week that signaled the beginning of the bond bubble bust? What ETFs need to be a game changer. Why can’t brokers survive serving smaller clients while advisers don’t have any problem? A new twist in the pension problem surfaces.
Viewing this content requires a Basic (Free) Membership or better. You are not currently logged in. If you have an
Fiduciary News Trending Topics for ERISA Plan Sponsors: Week Ending 2/11/11
Last week we saw some grand positioning in the coming battle for the Fiduciary Standard. What’s it all about? We’ll tell you bluntly.