One can hope we eventually solve the legal issue of fiduciary versus suitability, but we should always remember that the ethics is clear and that it should determine what wise legislation would look like. Our primary duty is to serve the interests of our clients first.
Author: Ronald F. Duska, PhD, served The American College as The Charles Lamont Post Chair of Ethics and the Professions and as director of The American College Center for Ethics in Financial Services, from 1996 until 2011. He is a business ethics consultant who served as president and executive director of the Society for Business Ethics. He is a senior fellow at the Olsson Center for Applied Ethics at the University of Virginia Darden School and at the Pedro Arrupe Center for Business Ethics at St. Joseph’s University. He is an adjunct professor of business ethics at Villanova and St. Joseph’s Universities.
