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STANY is the voice of the trading community in the Great New York City area. STANY represents individuals, engaged in the buying, selling and trading of securities. STANY does not represent a single business or business model, but rather provides a forum for trading professionals from institutions, broker-dealers, ECNs, ATSs and systems providers to share their unique perspectives on issues facing the securities markets. Our members work together to promote their shared interest in efficient, liquid markets, as well as their concern for investor protection. We believe that strong and efficient markets require an appropriate balance between effective regulation and innovation and competition.
Stories of interest highlighted are do not necessarily reflect the opinions of the STANY Board or the membership. We hope that you will find the articles chosen to be of interest and the links to the left to be a quick resource to other news stories and market information.
The Effects of Conflicted Investment Advice on Retirement Savings
President Obama has directed the Department of Labor to move forward with its redraft of rules to amend the definition of fiduciary under the Employee Retirement Income Security Act"to protect families from bad retirement advice by requiring retirement advisers to abide by a 'fiduciary' standard—putting their clients’ best interest before their own profits." For a full report on The Effects of Conflicted Investment Advise on Retirement Savings click here.
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