DoL

The fast-food executive withdrew amid controversy over his personal life.

SEC staff recommended this solution as far back as 2011.

The Obama-era regulation may survive even Trump's sweeping regulatory rollback, some experts say.

Organization takes the case "to put a spotlight on a bank that may have engaged in misconduct more significant than Wells Fargo's."

The decision landed just hours after the Department of Labor asked for the decision to be postponed while it complies with a Trump order to review the regulation.

The move is additional fallout from the president's memo to the Department of Labor to review the regulation and possibly rescind it.

Here’s what the president’s actions mean for advisers and firms.

The final version of the memorandum that President Trump signed did not actually include a provision to hold up the regulation. It's still game on.

"Just the talk about the rule has been free advertising for planners committed to prioritizing their client's needs over juicing their own compensation," says one leading fiduciary planner.

"My expectation is that a lot of firms are going to continue installing a best-interest standard, regardless," said Brian Graff, CEO of the American Retirement Association.

While a review will be undertaken by the Labor Department, the White House signaled that the president was expecting significant change.

Meanwhile, a prominent Republican congressman called on President Trump to delay the regulation's implementation.

Even as President Trump seeks a rollback of financial regulations, there’s little chance the rule will be paused — and an even slimmer chance it will be derailed, says TD Ameritrade Institutional’s Skip Schweiss.

The financier may be offered an ambassadorship or another job instead of appointing him to a top role advising President Donald Trump.

The regulation pulled back the curtain on one type of conflict, but there are many others. It's only a matter of time before they come to light, too.

The move is intended to better satisfy clients who are increasingly asking for more clarity, according to the firm.

Morgan Stanley and Advisor Group are moving ahead with changes despite the possibility that the Department of Labor's regulation could be reversed.

The wirehouse will make “many” of the pricing and product design changes it planned last year, include lowering commissions for trades involving stocks and ETFs “to the benefit of our clients,” according to an internal memo.

By putting clients’ interests first and documenting conscientiously, advisors will comply with the rule, while also building trust.

There's a better way to craft a standard that would protect investors and preserve client choice.