Here’s a Novel Idea for the Securities Industry to Consider
From Investment News (requires subscription), in reaction to a court’s ruling (blogged on here last week) that, in essence, says that securities salesmen who aren’t financial planners can’t hold themselves out to be financial planners:
Wall Street grapples with defeat of rule, uncertain of its effects
I’d say that the effects will be:
- Financial professionals will only be able to describe themselves as they are.
- They won’t be able to describe themselves as they aren’t.
Sounds pretty easy to “grapple with” from here.
