DoL

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.

The brokerage industry’s watchdog would also want to play an active role in the design of a possible SEC fiduciary regulation, Robert Cook says.