Broker-dealer regulator calls it an outcome of a Finra360 self-examination.
Don't expect a simple rollback of rules under the Trump administration in 2018 — instead, regulators are on pace to bolster financial adviser oversight.
Regulator reveals plans to hold senior officer salaries flat, and other financials, in transparency effort.
A plaintiff would have to state in their initial complaint why fiduciary duty was breached, and then prove the violation with 'clear and convincing evidence.'
But long-term, the agency may get around questions of constitutionality by changing the way it brings on administrative law judges.
Comment letters from the Committee for the Fiduciary Standard and the CFA Institute suggest the clarification is needed to differentiate brokers from investment advisers.
Measures would obligate financial advisers to tell clients they do not have to act in their best interests.
Opponents and advocates of the regulation have been waiting for months for the Fifth Circuit Court of Appeals in New Orleans to issue its opinion.
In 2018 exam priorities, regulator says not to sell clients high-fee products and then move them into advisory accounts.
Securities and Exchange Commission members also reiterate their concerns about virtual money.
