Lawsuits fly in U.S., as saga over advice client 'best interests' rumbles on

An ongoing battle over the standards brokers, financial advisers and wealth managers in the U.S. should be held to – which dates back to the Obama years – took a new turn on Monday, when the states of New York, California, Connecticut, Delaware, Maine, New Mexico, Oregon, and the District of Columbia filed suit in the Southern District of New York asking that a controversial package of new rules approved in June by the Securities and Exchange Commission be vacated.

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SEC vote Wednesday is latest development in years-long ‘best interest’ saga

The U.S. Securities and Exchange Commission is expected on Wednesday to approve controversial legislation that is meant to set higher standards for “broker/dealers” – those selling retirement products, insurance and investment products to American consumers – as a years-long campaign by consumer advocates to boost advisory standards is formally acknowledged by the American securities regulator. 

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Uncle Sam wants YOU… to vote!

Uncle Sam wants YOU… to vote!

Many overseas Americans – even more, in percentage terms, than their homeland counterparts – don’t vote.  A common attitude among such expats is expressed by one thirtysomething New Yorker, who was...