Schweiss says forcing brokers to abide by a fiduciary standard probably is “not a good strategy any more” and the government is no longer a viable part of the fiduciary solution.
Tag "Merrill Rule"
In many ways, the fallout of the Merrill Rule made this debate what it is today.
The anti-fiduciary standard tirade may merely be the tired last gasps of a once thriving business model.
Did a Clinton-era misguided quid pro quo, ultimately approved during the Bush administration, lead to the house of cards we see today?
