Regulation Best Interest

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.

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

Disparate voices in the fiduciary debate agree that Form CRS might be too dense and complex to achieve meaningful disclosure.

Fiduciary advocates lament the absence of the term from the SEC's rule, which they say fails to move beyond FINRA’s existing suitability standard, while the brokerage sector sees the proposal as a welcome jump in oversight.

Keeping brokers and advisors on a separate regulatory track could preserve the “competitive advantage” that RIAs enjoy, says Schwab exec.

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

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

What should advisors expect from the upcoming regulation?

The brokerage sector and investor advocates are gearing up for a fight over broker provisions.

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