Regulatory reform

A Senate bill would provide liability protections for advisors who report suspected abuse of senior clients.

SEC staff recommended this solution as far back as 2011.

The self-regulator is modifying its much-maligned process, addressing transparency and arbitrator qualifications, among other concerns.

A new comment period would give the administration time to prepare for legal challenges anticipated after it puts a delay into place, one expert says.

The move is additional fallout from the president's memo to the Department of Labor to review the regulation and possibly rescind it.

Here’s what the president’s actions mean for advisers and firms.

"My expectation is that a lot of firms are going to continue installing a best-interest standard, regardless," said Brian Graff, CEO of the American Retirement Association.

President Trump’s order sparked reactions all over his preferred social media platform.

While a review will be undertaken by the Labor Department, the White House signaled that the president was expecting significant change.

There's a better way to craft a standard that would protect investors and preserve client choice.

Jay Clayton represented the bank in connection with the $10 billion bailout it received in 2008 as part of the government’s $700 billion rescue of banks during the financial crisis.

The regulator is concerned that Wells Fargo did not follow proper procedures in notifying former reps of their U5 filings and that the information contained in them was not correct.

Former Department of Labor officials allege systemic breakdown of whistleblower protection; two also handled Wells Fargo cases that went nowhere.

The industry trade group is also calling on regulators to harmonize existing rules.

The marketplace may be the ultimate arbiter of the regulation, say MarketCounsel conference experts.

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.

Here are key takeaways from a Department of Labor fact sheet.