The fiduciary duty rule is a proposed rule that would require stockbrokers to act in their client’s best interest. As of today, Wall Street has prevented this rule from passing the Department of Labor and the Securities and Exchange Commission.

An investor should take time to learn what their financial advisor’s obligations to them are and what are the various duties owed by different types of financial advisors, as there are substantial differences between a registered investment advisor, a stockbroker, and many of the other types of financial advisors available in the community.


Scott Silver, Silver Law Group’s managing partner, is chairman of the Securities and Financial Fraud Group of the American Association of Justice and represents investors around the country and internationally in securities investment fraud cases. Contact us today at ssilver@silverlaw.com or toll free at (800) 975-4345.

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