A new nonprofit organization called the Institute for the Fiduciary Standard will take up where the Committee for the Fiduciary Standard has not quite left off, "establishing a permanent entity that is focused exclusively on education regarding the fiduciary standard and why it's so important" to investors and the financial services industry, in the words of cofounder Knut Rostad.
In addition to education, the Institute will also play an advocacy role and sponsor academic research and events exploring the issues surrounding a fiduciary standard.
The first of its events will be held Sept. 9 in Washington, a panel discussion, Crafting Effective Disclosure, with panelists including Professors Daylian Cain from Yale, who will present an unpublished paper on the academic literature that deals with disclosure effectiveness, and Arthur Laby from Rutgers.
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