David Trainer

The SEC’s best interest proposal fails to consider the foundations upon which investment recommendations are made—conflict-free securities research.

The SEC’s definition of the fiduciary “Duty of Care” makes any regulation difficult to enforce. It needs to offer a more concrete interpretation: one that focuses on the research upon which investment recommendations...

Accessing independent, fundamental research in support of your investment decisions meets a fiduciary “duty of care” standard, yes, but it also impresses clients and prospects.

Regulators need to put forward a unified definition of fiduciary duty so that investors and advisors can have a fully informed debate on the matter.

Despite the slowdown in startups, the fintech revolution isn't over—it’s been co-opted by the incumbents, and that’s an opportunity for financial sector investors.

An advisor who tries to act in a client’s best interest, but doesn’t have the skill or diligence to do so, can cause just as much harm as a conflicted advisor.

The Duty of Care could use a little more sunlight.

Passive investors don't recognize they are actually making active management decisions without understanding what they own.