Tag: conflict of interest
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Fiduciary Papers #17: WHY THE INSURANCE LOBBY’S ARGUMENTS AGAINST THE DOL RULE ARE DISINGENUOUS
The insurance lobby is against the imposition of the fiduciary standard by the DOL, as it will lower the excessive commissions often paid on the sale of Fixed Index Annuities (and other annuities) – and lead to less sales for the insurance companies. In essence, it will upend the distribution channel, as you transform annuities…
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Fiduciary Papers #7: What Steps are Required to Properly Manage a Conflict of Interest Held by An Investment Adviser?
While the SEC has provided an interpretative release [SEC Release IA-5248, Commission Interpretation Regarding Standard of Conduct for Investment Advisers (July 12, 2019)] regarding the fiduciary duties of investment advisers, its explanation of the proper management of unavoided conflicts of interest left much to be desired. In this article I modify, and add substantially to,…