---
title: The Right Way to Protect Wall Street's Customers
description: Wall Street veteran Sallie Krawcheck talks about how to protect financial customers.
authors:
  - name: Megan Leonhardt
    url: https://money.com/author/megan-leonhardt/
    at_money_since: 2016
    articles: 204
    covers:
      - Career Advice
      - Banking
      - Business
      - Credit
      - Credit Cards
      - Economy and Politics
      - Education
      - Housing
      - Identity Theft
      - Insurance
      - Investing
      - Lifestyle
      - Loans
      - Personal Finance
      - Retirement
      - Shopping
      - Taxes
      - Technology
    social:
      - https://x.com/Megan_Leonhardt
    former_staff: true
published: '2016-08-31T16:20:05.000Z'
modified: '2024-05-16T11:31:05.000Z'
section: Career Advice
tags:
  - financial advice
  - Financial adviser
  - financial advisers
  - Investing
  - Money
  - video
word_count: 106
canonical: https://money.com/protect-customers-yourself-wall-street-sallie-krawcheck/
type: Article
source: structured-blocks
---

> **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/).

![160516_MON_INT_SALLIE_KRAWCHECK - CAM9.mov.16_21_54_00.Still001](https://img.money.com/2016/08/160516_mon_int_sallie_krawcheck-cam9-mov-16_21_54_00-still001.jpg)

Wall Street veteran Sallie Krawcheck, now head of [Ellevest](https://www.ellevest.com), says investors aren't the only people on Wall Street who are confused by the different levels of consumer protection in force at different times. Some clients are covered by what's known as the suitability rule, while others enjoy a greater level of protection from what's known as the [fiduciary standard](https://money.com/why-financial-adviser-fiduciary/). Even Wall Street professionals, she says, are confused by the differences between the suitability rule and the fiduciary rule.

Krawcheck's suggestion is to harmonize the rules by applying the stricter version when possible, and to have one set of rules govern all adviser/client interactions on Wall Street.

```json
{
  "@context": "https://schema.org",
  "@graph": [
    {
      "@type": "BreadcrumbList",
      "@id": "https://money.com/protect-customers-yourself-wall-street-sallie-krawcheck/#breadcrumb",
      "itemListElement": [
        {
          "@type": "ListItem",
          "position": 1,
          "name": "Home",
          "item": "https://money.com"
        },
        {
          "@type": "ListItem",
          "position": 2,
          "name": "Career Advice",
          "item": "https://money.com/career-advice/"
        },
        {
          "@type": "ListItem",
          "position": 3,
          "name": "Professional Development",
          "item": "https://money.com/professional-development/"
        },
        {
          "@type": "ListItem",
          "position": 4,
          "name": "The Right Way to Protect Wall Street's Customers"
        }
      ]
    },
    {
      "@type": "WebSite",
      "@id": "https://money.com/#website",
      "url": "https://money.com",
      "name": "Money",
      "publisher": {
        "@id": "https://money.com/#organization"
      }
    },
    {
      "@type": "WebPage",
      "@id": "https://money.com/protect-customers-yourself-wall-street-sallie-krawcheck/#webpage",
      "url": "https://money.com/protect-customers-yourself-wall-street-sallie-krawcheck/",
      "name": "The Right Way to Protect Wall Street's Customers",
      "isPartOf": {
        "@id": "https://money.com/#website"
      },
      "datePublished": "2016-08-31T16:20:05.000Z",
      "mainEntity": {
        "@id": "https://money.com/protect-customers-yourself-wall-street-sallie-krawcheck/"
      },
      "inLanguage": "en-US",
      "breadcrumb": {
        "@id": "https://money.com/protect-customers-yourself-wall-street-sallie-krawcheck/#breadcrumb"
      },
      "dateModified": "2024-05-16T11:31:05.000Z"
    },
    {
      "@type": "Article",
      "headline": "The Right Way to Protect Wall Street's Customers",
      "articleSection": "Career Advice",
      "image": [
        {
          "@type": "ImageObject",
          "url": "https://img.money.com/2016/08/160516_mon_int_sallie_krawcheck-cam9-mov-16_21_54_00-still001.jpg",
          "width": 1920,
          "height": 1080,
          "caption": "160516_MON_INT_SALLIE_KRAWCHECK - CAM9.mov.16_21_54_00.Still001"
        }
      ],
      "author": [
        {
          "@type": "Person",
          "name": "Megan Leonhardt",
          "url": "https://money.com/author/megan-leonhardt/",
          "@id": "https://money.com/author/megan-leonhardt/#author",
          "email": "megan.leonhardt@moneymail.com",
          "sameAs": [
            "https://x.com/Megan_Leonhardt"
          ]
        }
      ],
      "publisher": "https://money.com/#organization",
      "datePublished": "2016-08-31T16:20:05.000Z",
      "description": "Wall Street veteran Sallie Krawcheck talks about how to protect financial customers.",
      "abstract": "Wall Street veteran Sallie Krawcheck talks about how to protect financial customers.",
      "@id": "https://money.com/protect-customers-yourself-wall-street-sallie-krawcheck/",
      "inLanguage": "en-US",
      "dateModified": "2024-05-16T11:31:05.000Z",
      "wordCount": 106,
      "keywords": [
        "financial advice",
        "Financial adviser",
        "financial advisers",
        "Investing",
        "Money",
        "video"
      ],
      "about": [
        {
          "@type": "Thing",
          "name": "Career counseling",
          "sameAs": [
            "https://en.wikipedia.org/wiki/Career_counseling"
          ]
        },
        {
          "@type": "Thing",
          "name": "Professional development",
          "sameAs": [
            "https://en.wikipedia.org/wiki/Professional_development"
          ]
        }
      ]
    }
  ]
}
```