Among bills moving from committee to the floor in the Nevada Legislature is one that would broaden the base of professionals considered financial planners under the law and bound to certain ethical standards.
The Nevada Independent reports Senate Bill 383, sponsored by Democratic Senate Majority Leader Aaron Ford, would include broker-dealers and financial advisers under the state’s definition of “financial planner.”
A related law says financial planners have a fiduciary responsibility to work for their clients’ best interest and be transparent about any benefit they receive from a client’s choice to follow their advice
