If the major networks prefer to use former professionals as color announcers for sports events, why don’t they use specific industry professionals to write these types of stories for the mass media?
Basic Members
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.
Was the initial euphoria of proponents of the Fiduciary Standard premature? Read the fine print of the SEC report here and decide for yourself.
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.
This one paper almost accidentally seals the deal for the fiduciary standard, exposes the conflict-of-interest created by 12b-1 fees and, dare we say, touches the forbidden third rail of all investment research…
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.
Did the DOL just upstage the SEC? Or merely raise the liability for the 401k fiduciary?
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.
The question remains: Do the new DOL mutual fund reporting requirements merely add to the worries of 401k plan sponsors?
Fiduciary News Trending Topics for ERISA Plan Sponsors: Week Ending 2/4/11
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?