Investment Professionals

CFA Testimony to the NJ Bureau of Securities in Support of Applying a Fiduciary Duty to Brokers’ and Advisers’ Investment Advice

In testimony delivered before the New Jersey Division of Consumer Affairs, Bureau of Securities, CFA Financial Services Counsel Micah Hauptman outlines the current gap in protections for retail investors when they receive investment advice, explains why it is entirely appropriate for states to apply a fiduciary duty to brokers’ and advisers’ investment advice, and provides a framework for what that fiduciary duty should entail.

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