The Massachusetts case against Scottrade is interesting because of its enforcement tactics: The state regulator used Scottrade’s own supervisory policies and procedures outlining its adherence to the DOL’s fiduciary rules against the firm, despite the fact that the DOL is not enforcing its own rule during a transition period that runs until July 2019.
Massachusetts Launches Investigation Into Wells Fargo Advisors Sales Practices
March 8, 2018
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