Massive Federal Reforms Fail to Prevent Stockbroker Fraud

Kansas City, MO: The recent passage of a congressional bill that undertakes a massive overhaul of the financial regulatory system, there will likely be further incidents of stockbroker fraud due to fact that the new law does not require stockbrokers to act as fiduciaries on behalf of their clients. Writing in the Kansas City Star on 8/16/10, lawyer and arbirtation expert Diane Nygaard lamented the failure of the Dodd-Frank Wall Street Reform and Consumer Protection Act to really put the rubber to the road.