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SEC: Standards should apply to broker-dealers, investment advisors
A U.S. Securities and Exchange Commission (SEC) study recommended that SEC extend the fiduciary standard of care to broker-dealers who provide personalized investment advice. Charles A. Moran The SEC...
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Arthur J. Gallagher buys investment advisor with offices in D.C., N.J.
Arthur J. Gallagher & Co. has bought a national institutional investment advisory firm, based in Washington, D.C., with an office Newark, N.J. Originally founded in 1986, Independent Fiduciary...
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Final U.S. rules issued on how 401(k) advisors avoid conflicts of interest
Federal officials have issued final regulations establishing how investment advisors providing 401(k) participants with advice without violating transaction rules. The U.S. Department of Labor’s...
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FINRA estimate for IA SROs excludes monetary, administrative details
A consulting group found that FINRA’s estimate of the cost to create and manage a self-regulatory organization (SRO) for investment advis0rs (IA) underestimates overhead costs and overestimates IA...
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