Image Credit: Alex Nabaum
Brokers will soon be getting the rule book thrown at them. Investors still need to read the writing on the wall.
Before long, brokers will be restrained from placing their own or their firm’s interests ahead of their retail clients’ when making investment recommendations. Regulation Best Interest, adopted by the Securities and Exchange Commission last June, goes into force June 30.
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