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Luis Aguilar on SEC/DOL Harmonization and Continuing Fiduciary Confusion
Fiduciary News; free registration required Link to more items from this source
[Opinion]
Sept. 21, 2021

"Many firms are both covered by the SEC and DOL's jurisdiction and they and, very importantly, their clients, should not have to parse through words to see if the standards are different. The standards should be the same -- put the client's interest first. Having different words and explanations as to what the standards are is a recipe to continue the investor confusion over what it means to be a fiduciary."

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