Fiduciary Rule

Regulatory relief applies to advisors and investment funds but the commission stresses that fiduciary obligations still apply.

The commission “failed to enact a meaningful conduct rule,” state regulator William Galvin says.

Jay Clayton talked up the commission's latest enforcement efforts and defended Reg BI before skeptical lawmakers.

The fact that it’s impossible to track the amount of revenue sharing kickbacks demonstrates the problem, says the research firm’s lead policy wonk.

CEO Dan Arnold described the firm's multipronged strategy for further growth.

The SEC rule was based on a flawed assumption and fell far short of what it promised. As a result, states are forging ahead with their own fiduciary rules.

Most clients don’t give a hoot about fiduciary and best interest standards.

Think New Jersey’s proposed rule doesn’t apply to you? Think again.

The SEC predictably came up with regulations that can only be described as a win for brokers.

The state regulator says its proposal is necessary after the commission failed to craft a uniform fiduciary standard.