At TD Ameritrade Conference, Differing Views on Implementing Fiduciary Standard

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At TD Ameritrade Conference, Differing Views on Implementing Fiduciary Standard

Feb 03, 2011

[Marilyn Mohrman-Gillis, managing director of public policy for CFP Board,] said the SEC has realized and acknowledged the need for harmonization in many of the regulations currently active.

"The SEC's litmus test for which rules to harmonize is by answering the question, 'Does it advance thoughtful investor protection?'" she said.

Mohrman-Gillis concluded by noting the fiduciary standard is not a foregone conclusion.

"The SEC has a lot on its plate and there will certainly be push-back from Congress," she said. "As far as next steps, we should continue use our voice and the press to pressure the SEC. Stay educated and engaged and continue to distinguish yourselves by the work that you do." Read more >

John Sullivan
February 3, 2011
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