President David Knoch Mentioned in Recent InvestmentNews Article

1st Global President David Knoch continues to advocate on behalf of the Financial Services Institute in protest of the DOL Conflict of Interest Rule, recently going before the House Financial Services Capital Markets, Securities and Investment subcommittee last month.

In his article “DOL fiduciary rule already proving to be harmful and onerous” that was featured in InvestmentNews, FSI President and CEO Dale Brown mentioned that David, who will serve as FSI’s vice chair in 2018, clearly communicated in his testimony to the subcommittee that the newly implemented rule is already negatively impacting a number of investors nationwide. Dale cites the challenges and many firms have faced as a result of the rule and recommends discontinuing further implementation of it.

Read the article.