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The main objection seems that regulators just don't like the unseemly business of selling products to customers who might not want them.

Matt Levine is a Bloomberg View columnist.

Employees inflated new client assets managed from the fourth quarter of 2011 to 2012 to meet sales targets, according to the regulator.

Life insurance will become more attractive to sell in the post-fiduciary world because it is one of the few products not encumbered by the regulation.

Reuben Rashty will lead Mirador Family Wealth Advisors. He succeeds Glen Johnson, who will transition to a new leadership role.

Founded by former wirehouse advisers, XML Financial is the seventh firm to join the IPO-bound RIA aggregator this year.

The fund provider is the latest firm expecting more advisers and long-term investors will turn to passive investing because of the regulation.

Jake Gilliam is senior multi-asset class portfolio strategist for Charles Schwab Investment Management.

Lawmakers from both sides of the aisle have proposed legislation in recent years to limit the central bank's authority.

The former RIA and fund advisor was cited for multiple fiduciary violations in a day-trading scheme, pocketing profitable trades from a pooled account while burdening clients with the losses.