What’s the first logical step that the Securities and Exchange Commission should takein crafting a fiduciary rule? Regulate advisor and brokertitles, advises the CFA Institute.
The Commission “can effectively begin to regain control of this[uniform fiduciary rule] issue by regulating the titles that thosewho provide personalized investment advice can use,” Paul Smith,president and CEO of the CFA Institute, which sponsors and oversees theChartered Financial Analyst program and designation, told theagency in a June 13 comment letter.
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