IIAC stance against best interest standard remains top priority: AGM

IIAC stance against best interest standard remains top priority: AGM

2 Comments
  • Harley Lockhart 2016-06-14 12:01:08 PM
    Some mutual fund dealers have already begun reducing their offerings in anticipation of such a standard--Unintended consequence before the rule is even accepted. Similarly to banning commissions, this rule reduces customer choice. Perhaps, regulators should get serious about protecting consumers by publishing their one size fits all investment option.
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  • Wealth Advisor 2016-06-14 1:27:59 PM
    At least two big fund companies(one bank and one independent) are saying ( at least privately for now) that "best interest" is already a done deal.
    Working out the definition of "best interest" remains the challenging part.
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