New Details On Fiduciary Standard Prompt Wirehouses To Freeze Recruiting Deals


Wirehouses have put the kibosh on their aggressive recruiting efforts, at least temporarily, as details from the newly adopted fiduciary rule dribble out.

In response to information published just before the election, major wirehouses halted the flow of offers – even withdrawing nearly done deals – to avoid even the possibility of locking horns with regulators.

What exactly happened? Read my Seeking Alpha article.

Photo: Kamil Dziedzina