In an article published in the February 16 edition of HFMWeek, HF Investment Management team members Ed Klees, Alina Savage and Andrea Mousouris evaluate the potential outcome if the Federal government eliminates the SEC investment adviser rules and the proposed Department of Labor “fiduciary rule.” The authors believe the overall adviser rules “ain’t broke,” and therefore a major overhaul is unnecessary. In addition, abandonment of the rules may not affect how major firms run their businesses but could open the door to less scrupulous advisers setting up business aimed at unsophisticated or retail investors. To read the full article, subscribers may click here.
Stephanie A. Hood