Kenneth Corbin

"To me, that rule, it was about one thing and it was about enabling trial lawyers to increase profits,” acting Chairman Michael Piwowar says.

Caution to advisers: If you cop a deal with the SEC for leniency, be sure to hold up your end of the bargain.

Too often, the agency overlooks the true impact of its policies, according to commission's investor advocate.

The deputy director of the agency's examinations unit, however, cautions that any such effort must be carefully coordinated.

Acting Chairman Michael Piwowar calls accredited investor threshold an "artificial distinction" that perversely can hurt the smaller investors it's designed to protect.

In a nod that digital advice is here to stay, the agency updates its directions on how to ensure compliance, along with tips for evaluating the growing number of services.

A Senate bill would provide liability protections for advisors who report suspected abuse of senior clients.

There are more CFPs over 70 than there are under 30. The board's Center for Financial Planning looks to fix that with new diversity and internship initiatives.

The self-regulator is modifying its much-maligned process, addressing transparency and arbitrator qualifications, among other concerns.

Rule supporters say they intend to continue making their case on Capitol Hill.