Sawyer Capital ManagementThe Phony Fiduciary ‘Debate’ – Sawyer Capital Management https://www.sawcap.com Evolutionize Web Site Tue, 14 Nov 2017 19:30:19 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.22 The Phony Fiduciary ‘Debate’ https://www.sawcap.com/2015/06/22/the-phony-fiduciary-debate/ https://www.sawcap.com/2015/06/22/the-phony-fiduciary-debate/#respond Mon, 22 Jun 2015 09:00:40 +0000 http://evolvemypractice.com/?p=2018 The battle over the legal standard to which advisors should be held when giving investment advice has two fronts: Advice given by advisors to retirement plans and advice given by advisors to everyone else, including individual investors. The position of the Department of Labor and the SEC The U.S. Department of Labor (DOL) has already...

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]]> The battle over the legal standard to which advisors should be held when giving investment advice has two fronts: Advice given by advisors to retirement plans and advice given by advisors to everyone else, including individual investors.

The position of the Department of Labor and the SEC

The U.S. Department of Labor (DOL) has already weighed in on the first front. It has proposed a rule requiring all advisors to retirement plans to be held to a fiduciary standard.

The Securities and Exchange Commission (SEC) has jurisdiction over the second front. It is studying the issue and has yet to set forth its position.

Read the rest of the article at The Huffington Post.

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