Interesting Angles on the DOL’s Fiduciary Rule #3
This is my third article about the interesting observations “hidden” in the preambles to the fiduciary regulation and the exemptions. Under the Best Interest Contract Exemption (BICE), the “financial institution” (e.g., a broker-dealer) cannot pay a fiduciary adviser (e.g., a financial adviser) incentive compensation that would encourage an adviser to make investment or insurance recommendations […]