Court Sides with FPA on B/D Rule Decision; CFP Board Clarifies Ethics Code

May 2007
Journal of Financial Planning;May2007 Supplement, Vol. 20, p5
Academic Journal
The article discusses various topics in the financial planning industry. The author notes a ruling by the U.S. Court of Appeals for the District of Columbia Circuit that vacated a U.S. Securities & Exchange Commission rule that exempted fee-based brokerage programs from the Investment Advisers Act of 1940. Also discussed is the release by the Certified Financial Planners Board of a second draft of its "Code of Ethics and Professional Responsibility." The author notes that the release of the document will help the Financial Planning Association with their discussion surrounding the term "fiduciary."


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