Still, if one has confidence the marketplace will drive the industry towards focusing on the best interests of clients, then a de facto fiduciary standard can emerge organically, without overt reliance on regulators.
Tag "Skip Schweiss"
![Fiduciary Standard Quandary: First Avoid “Harm”onization](https://fiduciarynews.com/wp-content/uploads/2017/11/poison-apple-1315219-660x395-505x306_c.jpg)
Be careful what you wish for because sometimes the cure can be worse than the disease.
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.
The SEC is asking “how do we constrain fiduciary” instead of the other way around.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 6/3/16
Fiduciary suit, a fee Gotcha! and an indexing Oops!