How Many Pages Of Regulations Does It Take To Create A Loophole?
I’ll start with the answer: 771 pages. That’s the size of the new “Regulation Best Interest: The Broker-Dealer Standard of Conduct” rule just approved by the SEC. Why did the SEC feel we needed this legislation? It’s a long story. After the 1929 collapse of the U.S. stock market and the subsequent Great Depression of…
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