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Senators Dodd and Johnson May Offer Compromise on Fiduciary Duty

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Jun 16, 2010 10:13 pm

anonymous

Joined: 2005-09-29Offline

That comes as something of a surprise....perhaps they will recommend a study but give the SEC rulemaking authority after all... 

http://blog.registeredrep.com/reformation/2010/06/16/senate-conferees-delay-vote-on-fiduciary-duty-working-on-compromise/

Jun 16, 2010 10:26 pm

Milyunair

Joined: 2009-09-25Offline

Correct me if I'm wrong, but the SEC would pretty much uphold the status quo.

Most any sales person will able to call themself a financial advisor, and the public will remain "confused".

Regulation at its best.