Fiduciary rule poll: next steps

Author: | Published: 21 Sep 2017

IFLR speaks with Morrison & Foerster’s Anna Pinedo and Hillel Cohn, who helped compile the questions, to discuss the results of the poll and the best course of action for the fiduciary rule

Anna Pinedo Hillel Cohn

Despite its unpopularity, more respondents feel that the fiduciary rule should be retained than revoked. Why do you think that is?

Anna Pinedo

My view is that, at this point, many firms have committed a lot of resources to the fiduciary rule and compliance with it. They also may have planned their communications with clients when it comes to the rule and so may be reluctant to change course. They may think it is expensive to change course, and may believe that any messaging relating to a change of course of action would be a challenge. I also think it is reasonable to predict, given public statements, that the Securities and Exchange...


 

 

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