Fiduciary Standard for Financial Professionals

Fiduciary Standard for Financial Professionals

The Issue

We, the Financial Planning Coalition, are asking financial planners to sign this petition urging prompt action from the Securities and Exchange Commission to move forward with extending the fiduciary standard of care. This will ensure broker-dealers, who provide retail investment advice, are required to put clients’ best interests first by adhering to a fiduciary standard of care. The Coalition stresses the importance of establishing a strong and uniform fiduciary standard of care for the delivery of investment advice. We believe that requiring more financial professionals to adhere to the fiduciary standard of care will help reduce consumer confusion about which financial professionals are subject to which standards.

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Financial Planning CoalitionPetition Starter
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This petition had 3,775 supporters

The Issue

We, the Financial Planning Coalition, are asking financial planners to sign this petition urging prompt action from the Securities and Exchange Commission to move forward with extending the fiduciary standard of care. This will ensure broker-dealers, who provide retail investment advice, are required to put clients’ best interests first by adhering to a fiduciary standard of care. The Coalition stresses the importance of establishing a strong and uniform fiduciary standard of care for the delivery of investment advice. We believe that requiring more financial professionals to adhere to the fiduciary standard of care will help reduce consumer confusion about which financial professionals are subject to which standards.

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Financial Planning CoalitionPetition Starter
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This petition had 3,775 supporters

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Petition created on April 7, 2011