Former SEC chairwoman Elisse Walter says their fiduciary duty is largely about disclosing conflicts, not eliminating them.
Bills introduced in House, Senate would remove PCAOB requirement.
At SEC meeting, both sides say agency must better define what 'best interests' means.
At investor town hall in Atlanta, the agency's head urges clients to press advisers on fees
For different reasons, each says client-relationship-summary disclosure is flawed.
SEC offers favorable settlement terms through Monday to investment advisers who acknowledge they didn't use the lower-fee option available in a fund.
Committee for the Fiduciary Standard tells public to demand their financial advisers sign an oath.
Financial Planning Association sends 85 members to Capitol Hill.
ACLI, NAIFA say delay in issuing mandate causing 'palpable uncertainty' for industry.
Following Capitol Hill testimony, top regulator declines to say whether he will extend comment deadline on proposed reform package.
