Regulatory guidance

There's another approach to crafting a regulation that would benefit advisers and clients, RBC Wealth Management's former CEO says.

Among the predictions: Trump's anti-regulation stance could put a damper on the burgeoning regtech market.

The firm was fined $1.57 million and must pay clients another $1.85 million for related infractions, the regulator said.

Coming right after Trump’s victory, the move may be an early indication firms believe the regulation will survive.

While a federal court allowed the organization to file a brief saying it upheld fiduciary values, it should not be providing expert opinions, writes the founder of a fiduciary consulting firm.

The advisers made the move in the wake of new regulatory guidance which takes aim at recruiting deals.

"There are ways to potentially be cute with it. You could potentially cut out retirement business from the back-end bonuses," says an ex-Merrill Lynch executive who works in the independent space. "Cute doesn't usually work when it comes to regulators."

Mutual fund providers sought to use digital platforms as new distribution channels for their funds, but new guidance upends a strategy that would rely only on proprietary products.

A planner tells compliance expert Alan J. Foxman that he's concerned a court-appointed guardian is not acting in an aging client's best interests.

The decision is effective immediately and was made within hours of the Department of Labor issuing new regulatory guidance on the fiduciary rule's implications.