As in “fiduciary” that is. SEC Chairman Mary Shapiro has reiterated her commitment to create a “strong fiduciary standard” for all securities professionals. Her pronouncement to the Consumer Federation of America on Thursday, December 3, stressed the need for a uniform across the board standard with the same licensing and qualification standards for all financial [...]
Financial Advisors Selling…What?
November 18, 2009 By 1 Comment
I agree on one thing – it was bound to happen. Merrill Lynch’s financial advisors are being asked (pressured?) to sell Bank of America’s checking and savings account products! Advisors’ clients are even receiving mass e-mails to promote the bank’s products, although advisors do have the option of crossing off their clients from the e-mail [...]
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