Tag: Fiduciary Duty

Registered Investment Advisors | Vernon Litigation Group

When looking for a Registered Investment Advisor, make sure you do your due diligence before choosing and most importantly make sure you pay attention to fee structures as not all Registered Investment Advisors have the same fiduciary duties to you as a client and many times will promise you a high return on investment (ROI) only for the advisor to receive a high commission. Let’s remember, whatever it is, make […]

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Wall Streets Ongoing Efforts to Avoid Fiduciary Standard are now Absurd

Dec 20, 2018 / Fiduciary Duty , Tags:

The self-interested behavior of Wall Street was fully exposed a decade ago by the greatest financial crisis in the last 50 years. Specifically, one of the core realizations that came out of this crisis was the fact that the business model of Wall Street was not aligned with the best interest of retail investors. As a result, the self-regulatory organization funded by the securities industry (FINRA) acknowledged that a fiduciary […]

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Financial reform: SEC needs to make sure fiduciary duty applies to all stockbrokers and financial advisors, not just registered investment advisors

For decades, financial institutions have purposefully blurred the distinction between stockbrokers and investment advisors to the point that most investors believe those designations mean the same thing. More than two thirds of the investors in the United States have the mistaken belief that stockbrokers hold themselves to the same fiduciary standards – including a commitment to always put the interests of the client first – as registered investment advisors.   These mistaken […]

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