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Regulatory Reason 

 

Knut A. Rostad
Contributing Editor
Blog: Regulatory Reason 

Knut A. Rostad is the regulatory and compliance officer at Rembert Pendleton Jackson, an RIA firm in Falls Church, Virginia. Rostad has represented the firm in numerous initiatives to advance fiduciary status as the industry standard, and before the SEC, and in Congress.
Rostad is a founder of The Committee for the Fiduciary Standard. He served on the Financial Planning Association Government Relations Committee and “Best Practices” Task Force Panel in 2008. Rostad is an Associate at The Center for Business Ethics at Bentley College, and member of the Society of Corporate Compliance & Ethics.
 
Rostad earned a BA in Political Science at the University of Vermont and an MBA from the Norwegian School of Management. He is also an Accredited Investment Fiduciary (AIF) with the Center for Fiduciary Studies, Pittsburgh.  
Main Street’s Trust: Worth One Percent of Bonuses?
February 12, 2010
Would Wall Street firms and executives dedicate 1% of their bonus pool, annually, to rekindle a national saving ethic and restore investor confidence? ...
What’s Truth Got to do With It?
January 20, 2010
As Wall Street banks announce their 2009 bonus plans, estimated by WSJ to be $145 billion, what better time is there to discuss whether Wall Street firms can win back the trust of investors?...
The Return of Investor Confidence? In 2010?
December 29, 2009
A snapshot of consumer attitudes right now is not a pretty picture and suggests there is a long road to travel before investor confidence returns. ...
Partisanship on Steroids
December 14, 2009
Passage of the financial reform legislation in the House is historic and important. It may also be, unfortunately, short-lived in the current, toxic partisan environment. ...
Peter Drucker for Wall Street Czar
November 24, 2009
Drucker would advise Wall Street to ask what retail brokers think. About being a fiduciary, brokers might “surprise” execs. Many would say “Bring it on!”...
Too Rich or Too Thin?
November 03, 2009
You can never be too rich or too thin: Can we disclose ourselves out of obesity? Can disclosures replace fiduciary duty?...
A Tail is Not a Leg
October 16, 2009
As the rhetoric heats up over regulatory reform one is reminded how much political life has not changed all that much since Abraham Lincoln was quoted noting the following: “How many legs does a dog have if you call the tail a leg? Four..." ...
SEC Chairman Speaking the Fiduciary Language
September 28, 2009
SEC Chairman Mary L. Schapiro's September 24th speech, before the Financial Services Roundtable, included her most recent public remarks on the fiduciary standard. The Chairman's remarks are important. ...
Rakoff’s Bank of America Opinion: “The Tipping Point”
September 16, 2009
In September 2013 when we look back on Lehman Bothers’ demise, will we also see a “reformed” financial system and regulatory structure? One that may be hard to recognize compared to today’s structure? If “yes,” look to Judge Jed S. Rakoff’s opinion. ...
Listen to Chuck
August 31, 2009
When Chuck Schwab talks do people listen? They ought to—even when he is off base, as he was in an August 19 opinion piece, “Brokers Aren't Responsible for Bad Bets,” in The Wall Street Journal....
Disclosures and Evoking the Lewis Liman Defense
August 14, 2009
Why did the SEC accept a $33 million settlement in light of its allegations that Bank of America failed to disclose that bonus payments were authorized for up to $5.8 billion? Judge Jed Rakoff wants to know. ...
The Authentic Fiduciary Standard—What’s the Fuss About?
August 11, 2009
Recent discussion in some quarters has focused on the “similarities” between the fiduciary and “arm’s length” standards. The clear implication appears to be: What’s all the fuss about whether investors retain fiduciary advisors or not? ...
Blog: Talking the “Fiduciary Talk” in Washington
July 07, 2009
The Obama Administration proposes that brokers giving investment advice should meet a fiduciary standard. SEC Chairman Mary Schapiro states strong support for a fiduciary standard. How will this translate into legislation?...
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