Regulation Best Interest

The announcement was welcomed by Wall Street lobbying groups, some of whom sued to vacate the Obama-era regulation.

Michael Kitces, co-founder of XY Planning Network, says the group is mulling its options after a federal court struck down the organization’s lawsuit against the SEC rule.

As the industry pushed to comply with the fiduciary rule, new issues emerged.

A Democratic-led SEC could revisit Reg BI, advocacy groups and industry observers say.

Firms are spending millions to comply with a controversial rule that is facing a legal challenge while state regulators push their own stringent regulations.

XY Planning Network and coalition of states are asking court to overturn advice regulation they say holds brokers to lesser standard.

Financial advisors choose technology the way cyclists pick out their rides, Riskalyze Managing Director for Enterprise Services Dana Rhodes explains in a Financial Planning podcast.

The firm detailed its strategy for complying with the SEC’s regulation ahead of its June 30 enforcement date.

Despite coronavirus, exams on new regulatory package are going to start, the commission says in new risk alerts.

To hear some regulators tell it, “commission” is code for churning — but the fee-based vogue gives rise to reverse charges, writes Mark Elzweig.