Regulation Best Interest

A uniform fiduciary standard is only way to ensure all advisors are putting their clients first, the Democratic senator says.

Macroeconomic trends and matters of convenience will move advisors, assets and markets next year in the ever-changing wealth management space.

The chairman looks to finalize Reg BI while issuing warnings for advisors on cybersecurity, Brexit and Libor transition.

Concerns include preparing for new SEC reporting rules and modernizing operational infrastructure.

Why new rules won’t necessarily prevent bad behavior.

The regulator's investor advisory committee approved a set of recommendations for commission to clarify "best interest" advice for advisors and brokers.

Reg BI would boost sales because the products fill a pressing need for income over long lifespans, the executives say.

Noting how retirement saving has changed, the executive says the “responsibility we have for people’s savings is awesome.”

It’s another example of how impactful an update to broker standards of conduct could be.

While the IBD advocacy organization supports the proposal’s approach, key questions loom over the timeline and makeup of the potential regulation.

Observers expect only modest changes from comment letters, and look ahead to a vote to enact new advisor and broker regulations.

The policy had been under review after a federal appeals court vacated the fiduciary rule earlier this year.

The brokerage firm is holding off on making major changes while regulatory frameworks shift once again.

Here's what I've realized since I penned my original missive to the commission.

Clashes over the Labor Department's fiduciary rule have carried over into the debate on the SEC's proposed regulation.

"The process has become enervating and exhausting and to the point where you don't even want to look at it anymore," an expert says.

An overreliance on disclosure isn't enough to protect clients from bad brokers, the investor advocacy group says.

It's not too late for the the SEC to fix its flawed proposal before it issues its final rule, says the Democratic senator from Massachussetts.

The commission’s draft fails miserably as a consumer protection measure for the public and actually makes matters worse.

Six fiduciary groups call on advisors press SEC to clarify the differences between advisory and brokerage business models.