Law and regulation

As head of new Office of Risk and Strategy, Peter Driscoll says his team will ramp up scrutiny.

Royal Alliance, SagePoint Financial and FSC Securities "willfully violated" securities law and breached their fiduciary duties to clients, the commission says.

The new retirement platform will support advisors who are transitioning to the fiduciary model.

The industry's leading lobbying group, SIFMA, says that the Labor Department's fiduciary proposal would result in a messy regulatory framework that could spur the SEC to restore order to the chaos.

Voices: Advisors may regret delaying their preparation for the new regulation.

A California state judge tentatively ruled that Bill Gross met minimum requirements to go forward with his wrongful-termination action against Pimco.

All advisors should familiarize themselves with the rule's likely changes to ERISA.

Banks are likely to accelerate the shedding of their in-house mutual fund businesses in light of the proposed rule.

Advisors should start getting up to speed now if they want to keep their heads above water when the rule begins to be implemented later this year, experts say.

Among the measures commission officials say they're working on is a third-party examination framework.