Supporters of the Massachusetts proposal say the state-based regulations will be far more effective in tamping down on brokerage industry conflicts of interest compared with the national Regulation Best Interest.
@MarkSchoeff – As Massachusetts' uniform fiduciary proposal leaps closer to finalization, and NJ's substantially sim. proposal remains in wings, we face prospect of a new paradigm that other states follow. The potential implications are significant. More: https://t.co/XNUjjMN5IA
— Fiduciary Governance Group (@FidGovGroup) December 2, 2019