Foreside’s Mark Alcaide provided commentary on how Reg BI changes the fiduciary landscape for the 401k plan sponsor.
“Reg BI enhances and harmonizes the standard of conduct for financial professionals when working with retail investors,” says Mark Alcaide, Partner and COO for Foreside in Portland, Maine. “It allows them a little more insight into potential conflicts of interest and it potentially gives them firmer ground when claiming restitution for conflicted service.”
To view the entire article written by Christopher Carosa from Fiduciary News, click HERE
