This course takes a look at the new fiduciary standard being implemented by the Department of Labor and its impact on financial services professionals. Both the suitability and fiduciary standard are analyzed, as is the evolution of financial regulations and the financial services industry.
Learning Objectives are: · Analyze why trust can be an issue for the financial services industry. · Analyze the effectiveness, strengths and weaknesses of federal securities regulation. · Compare the three different standards potentially applicable to financial services professionals. · Understand and analyze the historical context of the fiduciary standard. · Understand and analyze the new Department of Labor fiduciary standard rules for retirement investors. · Analyze future regulatory challenges and best practices for financial services professionals.
Jim Pasztor, vice president of Academic Affairs at the College for Financial Planning is also involved with several of the College’s investment courses and the white paper series. He is a CFPM® practitioner, and has an MS degree in personal financial planning and an MSF degree in financial analysis, both from the College for Financial Planning. Jim was the recipient of the Edward D. Baker III Journal Award from IMCA in 2014 for his article Endogenous Risk and Dangers to Market Stability. You can reach Jim at email@example.com.