SEC Should Define “Advisor,” Says CFA Institute

With the fiduciary rule in question, a prominent industry association is calling on the SEC to issue guidance on the use of the term “advisor” when offering advice to retail investors.  The CFA Institute has drafted a letter asking the SEC to take steps–ahead of the full regulatory initiative it is contemplating–to clarify the way financial pros describe themselves and their services.

To read the full article in FinancialPlanning, click: SEC Should Define “Advisor,” Says CFA Institute.