Newswire

Compliance Pitfalls of Nonprofit Boards, @danbernstein talks with @BIConline.

July 11th, 2017

Advisers who seek to give back to their community — while also attracting new clients — often consider serving on the boards of charities or nonprofits. However, just because the cause may be a worthy one doesn’t mean that there aren’t conflicts of interest or other pitfalls along the way. Dan Bernstein, chief regulatory counsel at […]

DOL Rule Raises Specter of Negligence Claims, @BarronsOnline features @HDelux.

July 10th, 2017

The DOL’s fiduciary rule opens up advisors to the possibility of more negligence claims. “There’s no magic formula to avoid litigation, but to better protect themselves, advisors should seek to follow the rule’s mandate by acting in their clients’ best interests at all times”, said Brian Hamburger, president and CEO of MarketCounsel, a business and […]

DOL Rule Raises Specter of Negligence Claims, @BarronsOnline features @HDelux.

July 10th, 2017

The DOL’s fiduciary rule opens up advisors to the possibility of more negligence claims. “There’s no magic formula to avoid litigation, but to better protect themselves, advisors should seek to follow the rule’s mandate by acting in their clients’ best interests at all times”, said Brian Hamburger, president and CEO of MarketCounsel, a business and […]

DOL Rule Raises Specter of Negligence Claims, @BarronsOnline features @HDelux.

July 10th, 2017

The DOL’s fiduciary rule opens up advisors to the possibility of more negligence claims. “There’s no magic formula to avoid litigation, but to better protect themselves, advisors should seek to follow the rule’s mandate by acting in their clients’ best interests at all times”, said Brian Hamburger, president and CEO of MarketCounsel, a business and […]

DOL Rule Raises Specter of Negligence Claims, @BarronsOnline features @HDelux.

July 10th, 2017

The DOL’s fiduciary rule opens up advisors to the possibility of more negligence claims. “There’s no magic formula to avoid litigation, but to better protect themselves, advisors should seek to follow the rule’s mandate by acting in their clients’ best interests at all times”, said Brian Hamburger, president and CEO of MarketCounsel, a business and […]

DOL Rule Raises Specter of Negligence Claims, @BarronsOnline features @HDelux.

July 10th, 2017

The DOL’s fiduciary rule opens up advisors to the possibility of more negligence claims. “There’s no magic formula to avoid litigation, but to better protect themselves, advisors should seek to follow the rule’s mandate by acting in their clients’ best interests at all times”, said Brian Hamburger, president and CEO of MarketCounsel, a business and […]

Nevada Imposes its Own Fiduciary Duty on Broker-Dealers and Advisers

June 22nd, 2017

The State of Nevada has imposed, effective July 1, 2017, its own fiduciary duty on investment advisers and broker-dealers (the “Law”).  Nevada’s Law is novel because: (i) it is the first time that a state has imposed a fiduciary duty on broker-dealers and their representatives and (ii) because it does not contain an exemption for […]

Focus on Fiduciary Standard Puts Adviser Negligence in Spotlight. @HDelux talks with @FinancialTimes.

June 22nd, 2017

Negligence claims are a risk for financial advisers of all stripes. “The first step is to be completely aware of all conflicts of interests — and if you can’t avoid or minimize them, you must disclose all of them,” says Brian Hamburger, president and CEO of MarketCounsel, a business and regulatory consulting firm for investment […]

As DOL Fiduciary Rule Takes Effect, the Focus is on Compliance. @DanBernstein talks with @GregIacurci (@newsfromIN).

June 12th, 2017

“I think you’ll find different reactions over the next two to three months by firms,” said Daniel Bernstein, chief regulatory counsel at compliance consulting firm MarketCounsel. Some who are “pretty much at the finish line” already will continue on their trajectory, while “some will put their head in sand” until there’s clarity, Mr. Bernstein added. While […]

The Fiduciary Rule Goes Live at Long Last. @BarronsOnline features @HDelux as contrarian.

June 6th, 2017

There will be holdouts. “By and large, absent a government mandate, you’ll find firms holding strong and trying not to deliver advice under a fiduciary standard,” predicts Brian Hamburger, president and CEO of MarketCounsel, a business and regulatory consulting firm for investment advisors. He believes most firms will stick to the status quo unless forced […]