Tag Archives: Fiduciary

SEC Best Interest v. Fiduciary

On Jul. 30, SEC's Hester Peirce spoke about best interest v. fiduciary. At 2018 NAPA DC Fly-In Forum, Peirce spoke of best interest v. fiduciary duty. Standards debated on intent of words and interpretation applied by BD and IA. Definitions Proposed regulation best interestrequires BDs to act in the best interest of the retail customer…
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