Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

A Member of the Law Professor Blogs Network

Tuesday, February 1, 2011

Ketchum Says Fiduciary Standard for Dealers no earlier than mid-2012

FINRA CEO Richard Ketchum predicted that registered representatives would operate under a fiducary standard no earlier than the second half of 2012, because of the need for an implementation process at the SEC.  In addition, if FINRA is designated as the SRO for investment advisers, it would create a discrete board to take responsibility for investment adviser issues and build a new staff knowledgeable in that area to oversee investment advisers.  He made his remarks at the annual meeting of the Financial Services Institute.  InvNews, Fiduciary standard not happening until mid-2012: Ketchum

http://lawprofessors.typepad.com/securities/2011/02/ketchum-says-fiduciary-standard-for-dealers-no-earlier-than-mid-2012.html

Professional Announcements | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef0148c83cbf76970c

Listed below are links to weblogs that reference Ketchum Says Fiduciary Standard for Dealers no earlier than mid-2012:

Comments

Post a comment