Amarin Corp Plc (AMRN)

[Crikker]

STS - good post explaining the differences. I believe the 1934 SEC act covers advisors and suitable standard and the 1940 SEC act RIAs and the fiduciary standard.

I've been in the business a long time and have seen both good and bad advisors operating under each of the 2 main standards. Don't think an SEC law is going to make a good advisor bad or a bad advisor good.

The one question I always ask is over the last 20 years what have been the 2 biggest financial frauds on investors by advisors? Were they under the fiduciary standard or suitability standard? I believe Bernie Madoff and Alan Stanford both operated under the fiduciary standard. Make sure your advisor is putting your interests ahead of theirs and you'll be doing yourself a big favor.