Kusvika ikozvino, Obama-nguva yekuchengetedza vatengesi zvigaro vari kubata zvakasimba.
Dhipatimendi reDhipatimendi reBasa reUnited States re "fiduciary rule" iro rinokumbira vatengesi kuti varege kupesana kwekufarira kana kupa chirongwa chekurega basa chave chiri kuburikidza nekunyora kwegore rakapfuura kudarika danho rinopinda muona-saw mune kudengenyeka kwenyika.
Yakavhiringidzwa nehutungamiri hwe Obama sekuvandudzwa kwekutengeserana kwevatengi, yakasekwa mumazuva ekutanga eTrump mutungamiri. Yakave iyo nyaya yematare edzimhosva iyo yakabatanidza mwanakomana weDare Repamusorosoro reHurumende uyo akarwisana naro, mutongi wezvegurufu akaitsigira, nekufungidzira kukuru pamusoro pokuti pakupedzisira zvingaita sei-kana zvakadaro.
Iye zvino, vashandi vezvemari uye vatengi vanomiririra pakupedzisira vane mhinduro: Mambakwedza yekutonga kwezera makore mazuva mashoma.
Mune rimwe bhuku reWall Street Journal rakabudiswa musi waMay 22, Dhipatimendi reVashandi Munyori weAlexander Alexander Acosta akazivisa kuti mutemo unotanga kushanda musi waJune 9. Izvo zvakashamisika uye zvinotyisa kune vamwe, sezvo mutungamiri weTrump akambomira kushanda kwepakutanga musi waApril 10 , uye mutemo wakaratidzwa uri pane imwe nzira yekudzikisa.
Asi kunyange iyo Gumiguru 9 yeguruvara inoratidzika ine mazhenje emuchero mukati mayo, sezvo mutemo unenge uchiri pasi pekuongororwa-kureva kuti pane imwe nguva, inogona kugadziridzwa, inoderedzwa kana kupwanyika zvachose.
Acosta akati "kunyange zvazvo matare akatsigira mutemo uyu seanoenderana neCongress's delegation authority, mutemo wekutenderera sezvawakanyorwa unogona kunge usiri kufanana ne [[administration's] deregulatory targets."
Pano purofesa Jamie Hopkins, purogiramu yemari yekubvisa mari yomubatanidzwa semukuru-mukuru weThe American College for Financial Services muBryn Mar, Pa., Inoshandura mutauro iwoyo: "Inzwi kubva kuAcosta ndechokuti kuregererwa kuri kuuya, asi ivo [Congress nevanotungamirira] unofanirwa kutevera mutemo uye kukanganisa nzira. "
Saka, vanhu vanofanira kutarisira chii? "Pakati paJune 9 neJanuary 1, 2018, zvinotarisirwa kuti DOL ichaenderera mberi nehutsva hutsva kuti iparadze kana kuti ingashandura mutemo wezvino," Hopkins anoti. "Uyezve, vazhinji vanotarisira kuzadziswa kwezuva raJan. 1, 2018 kuti ridzoke."
Mune shoko: Huh?
Saka chii ichi "fiduciary standard," chaizvoizvo? Chokutanga, ngatitangei nemutauro wakakura we "fiduciary," waungangodaro wakashandisa apo NPR's Puzzle Master Will Shortz yakakukurudzira kuti uwane rwiyo rwe "pituitary."
Zvinyorwa zvese, fiduciary munhu kana sangano rinokupa basa rekutenda kwakanaka uye kuvimba. Saka kana mutungamiri wezvemari ane izvo zvinozivikanwa se "fiduciary duty," izvo zvinoreva kuti vanofanira kuita zvakanakisisa: "kuvimba neni" zvinoreva zvinopfuura kungotaura mazwi.
Izvo zvinotyisa nokuti mune zvebasa rezvemari, vanhu vazhinji vanoedza kukutengesa iwe zvinhu zvakawanda-uye mune dzakawanda zviitiko zvine ziso rakawanda pamusoro pehuwandu hwavanoita kudarika zvaunoita.
Saka mune chikamu chikuru, mutemo wefiduciary unotarirwa nemari yakawanda. Makira akadai seV Consumer Federation of America ave achidzivirira mutemo sekurwa kwezvinhu zvavakaita semukuru wemari mari yevashandi vemari.
Kufamba mberi-mberi kunouya sezvo Donald Trump ave akatarisana nenhamo kumativi ose mushure mokuputika kwake kweFBI mukuru James Comey uye kuputika kwemakakatanwa akaipoteredza. Zvichakadaro, anoenderera mberi achirwisana ne-monolithic musarudzo yepamutemo kwete kunyanya kwekugadzira kwake. Pamberi pezvinopisa sezviripo iye zvino: bhadharo yezvematongerwo enyika, kuchinja kune yeCountable Care Act uye kushandura mutero.
Kuenzaniswa neaA-nhamba yezvinokosha, mutemo wekutenderera ndeyekuputika mumafuta.
Uye kunyange zvakadaro mumamiriro ekusawirirana, mutemo wekutenderera unotungamirira hurukuro yaKapitol Hill. Hanya yakatanga mushure mekunyora kushamisika kwemuongorori wehutungamiri wehurumende kusingagumi kusimudzira mutemo wekushandiswa. Mharidzo yaive yakajeka, sezvinoratidzwa mumusoro weTIME uyu wehurukuro: "Trump inoda kuuraya mutemo wekutenderera."
Asi pasati pasvondo gare gare, Mutongi Mukuru weDare reU.S. UAmerica Barbara Lynn (achishanda muNorth District yeTexas) akadzinga mutemo wemapeji 81 kuti atsigire hurumende yeAsia-era. Zvakange zvakashata sei ku White House? CNBC yakarondedzera chisarudzo chaLynn se "kushungurudza." (Lynn akagadzwa panzvimbo yake pasi peMutungamiri Bill Clinton.)
Chiito cheAcosta chingafananidzira kuguma kwechipiri here? Kwete. Kutanga, mhizha yemari yemari haisati yazivikanwa kana yakadzoka kubva pakurwisana kana kuti inotambura nokushayikwa kwemari kana kubata kuti iite.
Gibson Dunn & Gweta Gweta Eugene Scalia-mwanakomana wekupedzisira Supreme Court Justice Antonin Scalia-akamirira mapoka emabhizimisi muhondo yekuuraya murau.
Uye sezvaunogona kutarisira kubva kumhuri yake, Scalia mudiki ane mukurumbira wekukunda hondo dzepamutemo kupikisa mutemo panzvimbo yeWall Street. Kana mhosva ipi neipi inosanganisira fiduciary pakupedzisira inopinda kuDare Repamusorosoro, Scalia inogona kubatsirwa nenheyo yepamutemo yevanoshamwaridzana navo munzvimbo dzakakwirira.
Mutemo wacho unotaridzikawo nokuti unoramba uri mutsva mumabhuku-zvaingovhurwa munaApril 2016. Nokudaro hapana purogiramu yezvayo zvose, nemigumisiro yakaipa yevanopa mazano vezvemari inogona kukanda nzira yose yekushandura mumatare.
Izvozvo zvakashamisa, "Zvinoshamisa kwandiri kuti mushure memakore masere ekukakavadzana pamusoro pekugadziriswa kwemurairo uyu wekuti haisi kuzoshandiswa," anodaro Keith Baker, aimbova CFO weEnhance Financial Services Group Inc. uye iye zvino mutungamiri wepurogiramu yekubhadhara mari mabhizinesi uye mari yemari kuNorth Lake College muIriving, Texas. "Izvi zvinongoreva kuti chimiro cheo kune vadzidzisi vezvemari-kunyanya avo vanotengesa pamutemo kana mari yekubhadhara mari." Upenyu huchaenderera mberi sezvahuine. "
Baker anotaura kuti Certified Financial Planner Board inotsigira kuchinja. Imwe mashoko pamusoro pewebhu yeCFP Board inoti: "Tsvakurudzo inoratidza kuti mari yevatengesi-vatengesi kuti vashandise mararamiro ehurumende ingasanyanya kudarika, uye kuti vatengesi-vatengesi nevatengesi vekutsvaga kwekutsvaga mari vanopa mari yehurumende pasi pekuchengetedzwa kwemari yepamusoro yehutano hwakanyanya huri nani nekuwedzera kwemari kupfuura avo vari pasi pemutemo wakakodzera. "
Kuedza kuvanza mari "kunokurudzira kukura kwezvigadzirwa zvisingaverengeki zvakaoma uye zvakaoma," Consumer Federation of America inonyora mune peji peji mapeji masere rinotsanangura zvinobatsira zvekutonga kweDOL . "Pashure pezvose, nzira inonyanya kuvanza mari yakakwirira iri mune chigadzirwa chakaoma kwazvo uye chinoita kuti munhu anonyanya kuisa mari ave anzwisise."
Mutevedzeri wekutungamirirwa kwaDOL, CFA mutungamiri wekuchengetedza kwema investor Barbara Roper akapfupisa manzwiro ake mumasita anodarika 140: "Tinorumbidza @SecretaryAcosta nekuziva kuti kuremekedzwa kwekutonga kwemutemo kunoda kuti mutemo we #DOL upedzwe."
KuteereraX (webhusaiti inobatanidza kutevedza nekugadzirisa nyaya yehupfumi yemabhizimisi emari) inoshuma zvakare kuti Dennis Kelleher, purezidhendi weboka rekukurudzira yeGood Markets, akarumbidza kutama. "Tine chivimbo chekuti chero ruzivo rwekutsvaga, ruzivo rwakasimba runofungisisa chokwadi runoratidza zvakare kuti vanhu veAmerica vanochengetedza basa rekurega basa vanokodzera kuve nekunakidzwa kwavo kuisa pamusoro pevashandi vezvemari yevashandi."
Mutemo wekuchengetedzwa kwezvematongerwo enyika unouya zvakare mushumo wegore raFebruary 2016 kubva kuWhite House Council of Economic Advisors , iyo yakagumisa kuti mari uye nharo dzakapesana zvinodhura mari yevatapi vemari mari inosvika madhora mabhiriyoni 17 pagore. Izvo zvinodarika zvinokonzerwa nemigodhi yakawanda yepaIceland, Nicaragua kana Senegal.
Saka chii chinoitika kumutemo wekutenda ikozvino? Tarisa chero chimwe kana izvi zvose zvinotevera kuti zviitike mumwedzi mishomanana inotevera: zvimwe zvinetso zvepamutemo; mamwe machinda anorayira (Trump haazivikanwe zvakakwana nekuomerera kune nyaya yake); kudanwa kwekushandurwa kunotsanangurwa nemashoko kubva munharaunda yevashandi vezvemari; kuvhiringidzika mune dzimwe nzvimbo dzekambani; uye yakaramba ichitsvaga kubva kumapoka evatengi kuitira kuti mutemo ugare kana uchibva pasi.
Hopkins anobvuma pane zvingasarudzwa izvo zvichiri kungogoneka, kana zvisingaiti zvachose kuti zvive nguva. "Kunyange zvazvo zvichitarisa zvose asi chokwadi chaJune 9 chichaunza nguva itsva pakuronga basa rekugara muhurumende pasi pemutemo wekutenda, kunezve nzira mbiri dzinogona kuita kuti mutemo unogona kunonoka."
Heino nzira iyo: "Kutanga, matare aigona kugadzirisa kutonga. Zvisinei, izvi zvinoratidzika kunge zvisingaiti sezvinowanikwa nematare edzimhosva yekutonga kusvika ikozvino. Chechipiri, Congress uye mutungamiri wehurumende vanogona kusayina mutemo mumutemo unonoka kana kubvisa mutemo wekutenderera. Zvisinei, izvi zvinoratidzikawo zvisingaiti kuti zvigone kupera kwemavhiki maviri nehafu chete sezvo utano hwezvehutano nehutongerwo hwemitero hunogona kuonekwa sehupamusoro-soro uye husati hwave huchiita kuburikidza neCongress kuDhipatimendi reMutungamiri. "
Asi zvisinei nokuti zvakaguma nei, zvinogona kuti zvimwe zvingaguma zvingabuda pane zvose zvataurwa pamusoro apa: kuzvipira kwekuzvidira kwehutongi, kana huripo, hunowa kana kuti hurembera mu limbo: kuzvipira kwekuzvidira.
"Makambani akawanda akafambira mberi uye akagadzirira kutonga zvakare muna 2016 apo yakatanga kupfuura," Hopkins manotsi. "Uye makambani mazhinji nevarayiri vezvemari vakanonoka kuita vachivimba kuti mutemo hauzombooni chiedza chezuva."
Ichokwadi, mutemo wefiduciary ungangodonha pane imwe nguva. "Asi kutevera zvinyorwa zveAcosta, zvakakosha kuti zvikwereti zvemari nemari uye mazano mazano ezvemari kuti ave nechokwadi chokuti vanogamuchirika kuuya June 9," Hopkins anonyevera. "Kusagamuchirwa nemutemo uyu uye kuratidzira kushanda kwakanaka kwekutenda kuti uite zvinogona kukuisa kunze kwebhizimisi."
Paul Pagnato, nheyo paPagnatoKarp, anotaura kuti kusati kwatanga kutonga, makambani akadai saMerrill Lynch akabudisa zviziviso achitaura kuti vakabvumirana "nomwoyo wose" nekutonga uye kuti "havazokwanisi kutora mapepa emamwe mabhuku aya evanhu vanoita basa rekurega basa".
Pagnato, uyo akashanda kuMerrill Lynch kwemakore makumi mana nemasere uye akatarisira hofisi inopfuura $ 1 biliyoni muzvigadzirwa, ane muongorori wemuongorori kuti makambani makuru emhizha aya anobata pamwe nekutonga. Nokuda kwake, iye akasarudza kutevera zvaanodana zvekuti True Fiduciary miitiro, iyo inopedza kubhadhara komisheni kubva kune dzimwe nhoroondo.
Kufanana neCFA neCFP, Pagano yakasimudzira kubvumidzwa kwetsika yefiduciary nevarayiri vezvemari. Iye zvino-kana kuti zvichida iye zvino-mamwe ose omumunda wake anomanikidzwa kutevera kutevera mukutevera mitemo.
Sezvo Pagano inotaura kuti: "Makambani nevanachipangamazano vari kutoshandura tsika yavo kuti ive yakanyatsowirirana neyo fiduciary standard. Chitima chacho chave chabva pane zviteshi. "