- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Joe Mont2015-07-24T10:00:00
Image: Dan Gallagher, a reliably conservative voice at the SEC, is slamming the Labor Department’s proposed fiduciary standard for broker-dealers. The rule means clients who are not high net worth “will be ‘fired’ by their brokers or jettisoned to robo-advisers,” he said. Gallagher also lauded a court decision striking down ...
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2016-05-03T13:00:00Z By Joe Mont
The Department of Labor’s fiduciary rule for investment advisors has already stirred a firestorm of controversy, but one way or another, says Joe Mont, the financial advisory world is looking at a transformational change in how it operates by next April, with such high stakes that no one may want ...
2016-04-12T09:45:00Z By Joe Mont
The Department of Labor has finalized a new rule that requires retirement investment advisers to meet a fiduciary standard and eliminate conflicts of interest with their clients. Although several notable concessions worked their way into the final rule, CW’s Joe Mont says to expect continued controversy as advisers struggle with ...
2016-02-09T10:30:00Z By Joe Mont
It sounds reasonable enough: hold broker-dealers and investment advisers to a fiduciary standard when they offer investment advice, specifically with retirement plans. Firms, however, fear that pending rules, split between the Securities and Exchange Commission and Department of Labor, are not in sync and unintended consequences will radically alter traditional ...
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