Do Brokers Act in Your Best Interest? The Answer May Surprise You.
Apr 12, 2012
Yahoo Finance -As it so happens, there is a precedent on the broker side for a fiduciary standard that has, until recently, not been examined closely. The SEC should welcome the findings in a newly published study by professors at Texas Tech University and Roger Williams University that looks not at cost projections, but at the real world impact today under existing state common-law standards. A common-law fiduciary standard is the body of law, developed over decades by the courts, not regulators or Congress.
tags: Texas Tech in the News