Issue categories:
Investment Professionals
June 14, 2019
•
1 min read
Investor Groups Comment in Support of NJ Fiduciary Proposal

Seventeen consumer groups wrote in support of a New Jersey proposal to hold all financial professionals to a strong fiduciary standard when they provide investment advice and recommendations to retail investors. The groups praised the proposed standard as “vastly more protective of investors” than the Securities and Exchange Commission’s recently adopted Regulation Best Interest, while also suggesting areas where the proposal could and should be strengthened.
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Corey Frayer
Director of Investor Protection
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