As the securities industry continues to wait for a ruling on a comprehensive fiduciary standard from the Department of Labor, investors are signaling their favor for stricter oversight.
Retirement savers strongly favor tougher oversight of the financial services industry, and most would even be willing to pay more for heightened patrolling of the industry, according to a survey from the Financial Industry Regulatory Authority.
Three-quarters of respondents support additional regulatory protections; 70 percent said the additional protections would give them more confidence in markets, and 56 percent even said more regulations would encourage them to invest more of their money in markets.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
