The comment period closed July 18 on New Jersey’s proposed fiduciary rule, with somewhat predictable comments. Although the comments are not routinely posted online (ed: really,
For this case to unravel the way it did required that the Claimants pursue both the brokers and the firm as Respondents. That’s not terribly common in FINRA arbitration,
ET TU, MASSACHUSETTS? SECRETARY GALVIN ANNOUNCES INTENTION TO CRAFT FIDUCIARY RULE. Following the leads of Connecticut, Maryland, Nevada, and New Jersey, Massachusetts announced its intention to move ahead with its own fiduciary rule.
The SEC will be voting on approving Reg Best Interest and related proposed regulations at an open meeting on June 5.
As our readers and followers know,
By George H. Friedman*
SAC Contributing Legal Editor and Board of Editors Member
Toward the end of last year, I authored a blog post,