The push to require stockbrokers to act in their clients’ best interest is turning into a turf war.
The Securities and Exchange Commission, after years of study, should complete new regulations later this year. But several states, no longer willing to wait and see what those rules will look like, are already moving on their own….
Read the rest of the column
This article was originally published on The Wall Street Journal.
Further reading
Benjamin Graham, The Intelligent Investor
Jason Zweig, The Devil’s Financial Dictionary
Jason Zweig, Your Money and Your Brain
Jason Zweig, The Little Book of Safe Money