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Should the SEC regulate the ‘advisor’ title?

September 11, 2017

Should the SEC regulate the ‘advisor’ title?

September 8, 2017 | Kenneth Corbin | OnWallStreet.com

Fee-only advisors often struggle to impress upon investors the fundamental differences between their fiduciary business model and that of, say, a commission-drive brokerage shop operating under the suitability standard.

But what if regulators stepped in to help clear things up?

Advocates for stronger fiduciary protections are hoping that the SEC will do just that, arguing that any financial professional who self-identifies as an advisor of any stripe should be held to the legally binding regulations laid out under the Investment Advisers Act of 1940.

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Ramón A. Rivera-Ramos
Blue Vault Nontraded REIT and Nontraded BDC Reviews
September 1, 2016

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