Sec. 36a-860. Financial planners.
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/ct/title-36a/chapter-669-regulated-activities/36a-860·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)For purposes of this section and section 36a-860a ,
(1)“fiduciary duty” means a duty to act with prudence in the best interests of a consumer with undivided loyalty to such consumer, and
(2)“financial planner” means a person offering individualized financial planning or investment advice to a consumer for compensation where such activity is not otherwise regulated by state or federal law.
(b)No financial planner shall, in connection with an agreement with a consumer to provide financial planning or investment advice for compensation, use a certificate, professional designation or form of advertising expressing or implying that such person has special training, education or experience in advising or serving senior citizens, unless such person has obtained a certificate, title or designation as described in section 36b-4 .
(c)A financial planner shall disclose to a consumer, upon request, whether or not such financial planner has a fiduciary duty to such consumer for each recommendation such financial planner makes to such consumer.