States Pushing Fiduciary Rule Standards (With Success)
June 27, 2017 by John Hilton
While industry attention remains laser-focused on the Department of Labor fiduciary efforts, states are sneaking into the regulation game with bold moves.
Nevada surprised industry insiders by quickly debating and passing Senate Bill 383 revising the Nevada Securities Act to stiffen the fiduciary standard.
The bill states that any “broker-dealer, sales representative, investment advisor or representative of an investment advisor shall not violate the fiduciary duty toward a client” imposed in a separate statute.
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