Rule that Could Limit Incentives Prompts Industry Response

Rule that Could Limit Incentives Prompts Industry Response

A rule proposed by the Department of Labor would require all financial sales representatives advising clients on individual retirement investments to act as “fiduciaries,” meaning they would be required to put their clients’ interests ahead of their own in recommending financial products. This fiduciary responsibility therefore also requires disclosing any potential conflicts of interest, such as commissions or incentive contests. Rather than having these potential

Register to view the full article

Register for MeetingsNet.com and gain access to premium content including the CMI 25 Listing, our monthly digital edition, the MeetingsNet app, live and on-demand webinars, and much more.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish