Insurance Agent

5th Circuit Agrees: Stock Brokers & Insurance Agents Just Salespeople

5th Circuit Agrees: Stock Brokers & Insurance Agents Just Salespeople

The Stock Brokerage and Insurance Industries are fighting hard against the Department of Labor's Fiduciary Rule, which would require their advisers to put their client's interests first and disclose conflicts of interest. The industries got the 5th Circuit Court to agree that, unlike Registered Investment Advisers, stock brokers and insurnce agent are just salespeople