Views on improving the integrity of global capital markets

Fiduciary Duty

The Schapiro Legacy: Outgoing SEC Chair Leaves Unprecedented Challenges and Opportunities

Looked at through the lens of action cinema, there is almost enough intrigue and drama in the last four years of SEC oversight to launch a new movie series. Never before in our history has this agency, so critical to markets and investor protection, been as tested to its limits as it has since 2008.

Insights from SEC Commissioners: Restoring Investor Trust and Promoting Compliance

U.S. SEC commissioners' presentations highlight the extent investors' trust has declined due to the crises and scandals of the past few years and provide a review of the development and interpretations of the securities laws most directly related to Section 913 of the Dodd-Frank Act.

The Fearless Fiduciary: Are Institutional Asset Managers and Their Investors Both Ducking Fiduciary Duties?

Are private investment funds playing trick or treat with their fiduciary obligations and are institutional fiduciaries (your pension fund, for example) letting them get away with it? The answers are potentially frightening.

Bring It On! Investment Advisers Want Heavier-Touch Regulation

Under pressure to find ways to reduce deficits and the national debt, Republicans on the House Financial Services Committee are looking for ways to cut government spending. Oversight of investment advisers is an area seen as an easy target.

From the Belly of the Beast: Goldman Exec’s Parting Words an Indictment of Investment Industry

In an op-ed in the "New York Times," former Goldman exec Greg Smith penned a scathing indictment of what he claimed was an eroding culture of integrity at his old firm. Jon Stokes examines the impact on the investment profession as a whole.

Investor Indifference to Fiduciary Care?

Does it matter to investors whether their financial advisers follow a fiduciary standard? The answer appears to be “No,” according to the J.D. Power 2011 U.S. Full Service Investor Satisfaction Study. READ MORE ›

Pension Plans — Assuming the Best in the Worst of Times

CFA Institute has spent considerable time developing a code of conduct for pension trustees. The Pension Trustee Code of Conduct (PDF) is not a how-to manual or another entry into the parade of best-practice guidelines for… READ MORE ›

A Higher Duty: SEC Concludes Study of Fiduciary Obligations

After months of anticipation, staff of the U.S. Securities and Exchange Commission (SEC) released their long-awaited study of the obligations of those who provide investment advice to retail investors, as mandated by the… READ MORE ›

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