Regulation Best Interest

Following through on its staged approach to new advice standard, industry regulator expected to be less patient with the "laggards."

In the new Form CRS, firms must justify whether they place client assets in advisory or broker accounts.

Consumer advocates are calling for Gary Gensler to toss out Reg BI as wealth managers aim to keep the prior administration’s rule in place.

SEC cases that go beyond faulting firms for their failure to disclose conflicts of interest have drawn pushback from the industry.

The regulation permits more exemptions from fiduciary duties, but may itself be replaced by the incoming Biden administration.

Planners and experts dive into wirehouse pay, charging clients at a higher rate, emerging business models and other key issues.

Existing regulations that protect investors and deliver clarity to the industry must be preserved by the incoming administration, writes Financial Services Institute CEO Dale Brown.

While FINRA rules spell out what brokers generally need to determine a client's financial situtation, there can be gray areas, an expert says.

Democrat Joe Biden is expected to name his SEC chairman pick in the coming weeks.

With a new administration, the regulator has an opportunity to renew its focus on a key pillar of its mission.