Consumers Are Caught in the Crossfire Between FINRA and a Financial Planning Coalition That Champions the Fiduciary Standard of Care

Rick Johnson, author of the book Keep Your Assets Take My Advice, applauds the Financial Planning Coalition's effort to establish an oversight board to regulate financial advisers. The Financial Planning Coalition, according to a recent update emailed to Certified Financial Planners, is proposing an oversight board with fiduciary standards, training and ethics requirements for financial planning advice that favors consumers. FINRA is trying to influence the Securities and Exchange Commission in order to regulate registered investment advisers, as stated in a recent speech by Richard G. Ketchum, Chairman and CEO of FINRA, before the Committee on Banking, Housing and Urban Affairs. The...

Want to see the full article?

• Purchase this article for only $3.00