In the article, Jon argues that stock brokers should be legally required to act as fiduciaries:
We think this is a no-brainer: OF COURSE brokers should act in the best interest of their customers – and they should be legally liable if they do not.
Predictably, brokers are against this common-sense approach. In large part, this is because it would cut into their profits.
Go read the full article and let us know what you think.
Betterment Encourages SEC to Adopt Investor-Friendly Disclosure
As the SEC considers new rules to better protect and inform investors, Betterment formally suggests ways to improve a new disclosure, Form CRS, based on actual investor research.
Conflicts of Interest Can Be Buried Deep In Your Investing Choices
Re-examining how and where your money is invested can reveal misalignments between your interests—and an intermediary’s profits.
The Fiduciary Rule Should Be Fully Implemented
Major provisions of the DOL’s fiduciary rule are going into effect this month, but the provisions that enforce the rule are under attack. It’s up to all of us to make sure the fiduciary rule stays a rule, not a loose guideline.
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