Structured products industry wary of fiduciary standards proposals

Fiduciary foreboding

anna-pinedo
Anna Pinedo, Morrison & Foerster

When the US Securities and Exchange Commission (SEC) released its report suggesting there should be a uniform fiduciary duty for broker-dealers and investment advisers it raised few eyebrows - after all, it seemed this is what the Dodd-Frank Wall Street Reform and Consumer Protection Act was gunning for when it commissioned the study - but what happens next could have a big impact on structured products. The SEC has released no further details about its intentions, but many structured product

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