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The final bill also includes strict new rules on mortgage lending, pushed by Merkley in the Senate and Miller in the House, which banks say -- quite accurately -- will make brokering such loans less profitable.
Even Hugo Chávez was forced to pretend delight, even though this turn of events deprived him of the political hay he's been trying to make brokering negotiations between the FARC and the Uribe administration.
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The Securities and Exchange Commission is writing a rule that will make brokers and advisers become fiduciaries.
Unlike some competitors, Marsh has also banned contingent commissions (payments insurers make to brokers in exchange for getting more business), which can make brokers more loyal to insurers than to their clients.
And it's certainly not any sort of prohibitive threat to make brokers react in a way that's suitable to their clients.
Reality Checkers Let's face it: Most online financial news and commentary is little more than overheated trading gossip and news snippets selected to incite people to buy and sell and make brokers rich.
These compensation schemes make brokers less into honest brokers and more into front line deception agents of lenders.
"This makes brokers happy because they can market the building as 'adjacent' to subway transit".
What really makes brokers crazy, though, are the shoppers who never pull the trigger — and, by all accounts, they have been out in droves over the last 12 months.
Because regulatory controls and market constraints have made brokers less able to play a countercyclical role by accumulating inventory on their balance sheets, the resulting price instability is likely to be large.
Early versions of the reform bill made brokers fiduciaries.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com