Jay Clayton

The reforms could serve as a checklist for firms looking to enhance their own cybersecurity posture in light of the regulator’s increased scrutiny.

Lawmakers praise the spirit of the rule, but want to see a true uniform fiduciary standard.

The CEO of Pershing Advisor Solutions sees an opportunity for RIAs in the potential restrictions on a term that has stoked criticism.

Critics say the SEC isn’t living up to promises made when Jay Clayton became chairman.

Investment advisors and broker dealers have different “relationship models” with clients, the chairman says.

NASAA President Joseph Borg also vowed to work with SEC Chairman Jay Clayton’s team on improvements to the Regulation Best Interest proposal.

The departure might slow SEC Chairman Jay Clayton’s progress on creating stricter standards of conduct for brokers and advisors.

The regulator's proposal is set to remake compliance standards for brokers and advisors.

By requiring brokers to look out for clients’ best interests, the SEC is effectively requiring them to give financial advice, which distinguishes them from online brokers and should let them keep charging clients premium fees.

It appears the regulator bought into the investor choice argument of sales reps right from the beginning.

New rules recognize the fact that commission-based transaction services can be the most cost effective way for Main Street investors to receive financial advice.

New rules would set standards of conduct for brokers, require new disclosures and offer interpretive guidance for fiduciary advisors.

The commission's approach stands a good chance of superseding the Labor Department's fiduciary rule.

Should advisors and brokers have plain-English job descriptions and be required to work in their clients’ best interest? Commissioners will vote on whether to move ahead with key proposals.

The trade group cautions that the SEC could outsource advisor oversight due to low examination rates.

Merrill Lynch, UBS and others made considerable alterations to policies and procedures in order to be compliant with the Labor Department regulation.

With the SEC and Labor Department rethinking their approach to a higher standard, a court's recent ruling may not have a lasting impact.

Commission officials put the industry on notice about self-reporting: financial advisors must comply or face harsh punishments.

"I think it's something that the market needs. I think it's something that regulators need," Jay Clayton says.

The industry group is seeking restrictions on how brokers can describe their services and responsibilities.