SEC's Schapiro wants better, more harmonised advice for investors

Mary Schapiro, chairman of the Securities and Exchange Commission (SEC) has proposed setting new harmonised standards for US securities professionals. “We need to have a strong fiduciary standard for all securities professionals,” she said in a speech given to the Consumer Federation of America’s annual financial conference on Friday.
   
Schapiro is keen to harmonise the quality of advice from broker-dealers and investment advisers to increase consumer trust, as well as the likelihood that indiv

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: