Guest Columnist Ron Rhoades

Of course Ron Rhoades is absolutely correct in his assertion of the facts pertaining to fiduciary duty. What is so frustrating is there are no disputing these facts, yet Regulators like FINRA never seem to do their duties to protect public trust. The widely held view that the system is rigged in favor of the industry rather than the consumer and public trust is gaining momentum with each day. Why is it that Ron Rhoades has to work so hard to convince everyone to do the right thing? Thank goodness for Ron Rhoades ! SCW Stephen Winks

Part II: Tick, tick ... How FINRA tramples on 'settled' principles of the Supreme Court, and even Adam Smith, in its sanctification of two-hatted advice

 Mark Egan: Holding brokers to a fiduciary standard over the period 2008-2012 would have increased investor returns by as much as 2.73% per annum.

Ron Rhoades

Mark Egan

Philip Talmadge

Benjamin Cardozo

The past two years have been some of the most momentous in the relatively short history of the RIA profession. Legislators and regulators have been gradually embracing the fiduciary standard, though whether it will fully apply to everyone calling themselves advisors remains to be seen.

The Department of Labor’s crusade to lower costs and increase transparency in retirement plans means a spate of new regulations affecting advisors and brokers in that market. Dodd-Frank Financial Reform, meanwhile, continues to unroll across the profession, with the biggest change being a shift to state oversight of RIAs with less than $100 million AUM. In this section, you’ll find continually updated RIABiz.com coverage on all these topics.

RIA Compliance

The 'best interests' standard of the stock cop ignores classical arm's-length principles, of economics and the law, implicit to the entrusting of care to professionals by evoking wonders of bare-knuckles capitalism

Part II: Tick, tick ... How FINRA tramples on 'settled' principles of the Supreme Court, and even Adam Smith, in its sanctification of two-hatted advice

Stephen Winks

RIABiz Directory

White Paper Postings

Special Sections

Common Tags

Recent Articles

Popular Writers

RIABiz

Directory

Archives

Connect