Jay Clayton

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.

Exchanges are required to begin feeding trading data into the Consolidated Audit Trail on Wednesday.

The SEC sought $3.4 billion in sanctions, the lowest total since 2013, according to data collected by a law professor at Georgetown University.

Harmonizing a potential SEC regulation with that of the Labor Department is tricky business, experts say.

Nov. 13: Planners behind the curve may lose out on productivity and quality of service offered to clients.

The new database is a good first step in helping to address gaps in the oversight of advisors, but more needs to be done, say industry observers.

“People need to know what the rules are,” an industry consultant says.

Speaking to hundreds of industry executives, Jay Clayton said his agency can't simply supplant the Department of Labor.

Chairman Jay Clayton says the regulator is drafting a rule proposal to harmonize standards for brokers and advisors.

In the wake of cyberattacks at Equifax and EDGAR, SEC Chairman Jay Clayton makes an unusually lengthy statement appealing for RIAs to bolster security.

Advocates call for the commission to address investor confusion.