First Shoe to Fall; More to Come

As required by the Dodd-Frank bill, the GAO has just released its study regarding the regulation of financial planners – Consumer Finance: Regulatory Coverage Generally Exists for Financial Planners, but Consumer Protection Issues Remain. You can find a summary at http://www.legistorm.com/score_gao/show/id/40862.html and the full study at: http://www.legistorm.com/showFile/L2xzX3Njb3JlL2dhby9wZGYvMjAxMS8x/ful40862.pdf

The long anticipated SEC study on the application of a fiduciary standard is also due out today.

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