Dodd-Frank Regulation Mischief

The Dodd-Frank Financial Regulation Bill has an adverse impact on the economy.

Just one example: The SEC now has authority to impose a “fiduciary duty” standard on brokers, the same it applies to investment advisers. Brokers now will have to give advice in the client’s “best interest.” Whatever that vague phrase means. In the past brokers only had to provide ”suitable” investments.

It remains to be seen how far Dodd-Frank will be enforced by the SEC.

The Dodd-Frank Financial Regulation Bill will create so much uncertainty, it will detract from American business, investment and consumer interests, while only benefiting trial lawyers. ( See the Earl J Weinreb NewsHole® comments.)