Tag: fiduciary rule
![Graphs and stock market tickers laid overtop each other](https://crr.bc.edu/wp-content/uploads/2023/08/Graphs-and-stock-market-tickers-laid-overtop-each-other-1536x1025.jpeg)
The product is too opaque for most fiduciaries to perform robust due diligence. Having recently argued that Bitcoin does not belong in 401(k) plans, a reporter asked me my view regarding private equity. While private equity – unlike Bitcoin – passes the threshold test under ERISA of being a generally acceptable asset class to a…
![Business people meeting to analyze financial charts at a table](https://crr.bc.edu/wp-content/uploads/2016/04/Business-people-meeting-to-analyze-financial-charts-at-a-table-1536x1024.jpeg)
The Department of Labor eliminates most conflicts of interest in investment advice. The Department of Labor’s revised “fiduciary rule” is a great victory for consumers. The rule is complicated but the goal is to make sure that those in the financial services industry act as fiduciaries – that is act “solely in the interest” of…