Amarin Corp Plc (AMRN)

[sts66]

There are different kinds of financial advisors, investment brokers and Register Investment Advisors (RIA’s), who have always been held to a fiduciary standard - Obama and the Dept. of Labor tried to get brokers who give advice for retirement accounts to be held to that standard too, but the financial services industry pulled strings in D.C., got it delayed, then sued, and the 5th Circuit Court decided in 2018 that the DOL had overstepped it's authority and threw out that legislation, meaning brokers only have to meet the lower "suitability" standard. And jeez, it gets even more complicated from there, a proposal by the SEC to create a new standard, the Regulation Best Interest, which is meant to improve investor protections beyond suitability but falls short of the DOL's fiduciary rule that got shot down, hasn't been implemented yet:

https://www.forbes.com/sites/brianmenickella/2019/05/29/the-return-of-the-dols-fiduciary-rule/#1add5ace6fa1

Anyway, appears there's some wiggle room for that Oppensleimer advisor, depending on whether he's an RIA or not - that's the only thing that matters for now as far as the SEC cares. I hope that guy was an RIA - suggesting his clients sell AMRN to buy ACST doesn't pass any kind of smell test, especially when a penny stock like ACST is involved.