The FSI has announced that it supports legislation calling for a self-regulatory organization to help address the ongoing battle over a unified fiduciary standard.
Financial Services Committee chair Spencer Bachus (R-La) introduced the legislation. In a release, the FSI says it hs long called for a unified standard and has endorsed FINRA to act as the SRO for retail investment advisors. FSI's own polling suggests three-quarters of advisors support the idea.
"Hard-working American investors shouldn't have to be regulatory experts to know whether their financial advisor is getting the proper oversight needed to ensure they're protected," said Dale Brown, FSI president and CEO.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
