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.

The rule can only be effective if the investing public accurately understands its implications, says the firms’ chief platform officer.

It could be the most significant update to advisor standards of conduct in years.

With brokerage firms lining up in support of the SEC proposal, fiduciary planners aim to keep their differences from the BD channel intact.

The rule requires greater public input, an industry trade group says.

As New Jersey’s regulators move forward, trade groups and executives warn of increasing compliance costs.

The move suggests that the SEC’s proposed Regulation Best Interest isn’t strong enough for some.

Advisors and trade groups resist a patchwork of regulations, saying it would limit consumer choice and increase firms’ expenses.

Warnings from the brokerage sector as Nevada advances a uniform fiduciary rule have a familiar ring.

Even as Nevada, Maryland and New Jersey press ahead with their own proposals, the IAA seeks exemption for SEC-registered advisors.