Stories Worth Reading This Morning
Among the stories you should consider reading today:
FINRA's Susan Axelrod announced at a PLI panel on Wednesday that FINRA is reviewing conflicts of interest at 14 broker-dealers. The review seems to be geared toward being sure that registered representatives keep their focus on suitability of the products sold to their customers.
This article suggests that we all get ready for a wave of new anti-fraud rules from the states, "beginning with New York." I suspect those efforts will end with New York, too.
Investment News explains that a fiduciary standard for retail advisers and a possible SRO for advisory firms may be on the back burner until after the elections, but still remain hot-button issues for investment advisers. Indeed, Mary Schapiro expects to see.
The Daily Beast has a good piece on the scene at Rajat Gupta's sentencing on Wednesday (two years as handed down by Judge Rakoff).
Bruce Carton at Securities Docket noted on Twitter yesterday that Fortune has a slideshow on "the best advice I ever got." I always like those things.
I hope you like them, too, and have a good weekend.