Fiduciary groups urge SEC to prevent brokers from using ‘adviser’ title
January 17, 2018 by Mark Schoeff Jr.
Fiduciary advocates are urging the Securities and Exchange Commission to prohibit brokers from calling themselves “financial advisers,” as the agency considers a regulation that would raise investment advice standards.
One of the biggest sources of investor confusion stems from the nomenclature that brokers use to describe themselves, the Committee for the Fiduciary Standard wrote in a comment letter on Friday.
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Originally Posted at InvestmentNews on January 12, 2018 by Mark Schoeff Jr..
Categories: Industry Articles