Ketchum: Fiduciary Standard Not Happening Until Mid-2012
According to a report in InvestmentNews, FINRA CEO Richard Ketchum has indicated that a fiduciary standard for brokers is unlikely to occur before mid-2012. Mr. Ketchum made the comments at a recent speech before the Financial Services Institute, in which he outlined the potential administrative path toward a fiduciary standard for brokers.
Publication
Date
February 1, 2011
Cross References
SEC Staff Study on Investment Advisers and Broker-Dealers
Dodd-Frank § 913