InvestmentNews interviewed me and other investment managers about rumors that the new administration may postpone the implementation of the Department of Labor's Fiduciary Rule. My part starts about half-way into the video.
You can listen to the interview here. My 2013 blog about the importance of being a fiduciary is here.
I oppose the postponement of the new rule. All investment advisors should be required to meet the Fiduciary standard. Investment advisors and stock brokers should always be required to act in their client's best interests. Doctors, lawyers and CPAs are fiduciaries. All investment managers should meet the same high standard.