Trone:Two-Faced Fiduciary Advocates-Positive And Punitive

Don Trone, L5, wrote an article for FA Magazine on how the fiduciary movement has moved from being one of positive outcomes for clients, to punative rules harming the public.

"We’ve lost our way in defining a Positive fiduciary standard. Fiduciary is no longer a point of inspiration for moral, ethical and prudent decision-making. If we don’t act now, we’re all going to suffer under a regime of negative motivation defined in terms of a Punitive standard."

Continue reading at FA Mag...

#fiduciary #dontrone

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