One observer says agency is trying to give certainty to markets; another asserts it is executing pre-determined course to water down regulation.
Financial Services Institute says extra supervision would result in a 'CFP tax,' while mother of Labor Department regulation cheers revisions to standards of conduct.
Meanwhile, few brokerages and their trade associations, which blasted the DOL's fiduciary rule in comment letters, are responding to the CFP Board's proposal.
RIAs can enter '0' in some new parts of the document before their annual filing next year.
Says states need to take the lead in securities investigations as Trump moves to cut back financial regulation.
Length of time for measure's review gives SEC, other regulators greater chance to get involved in setting advice standards.
Battle intensifies as DOL seeks to push off implementation until July 2019.
Brokerage industry dominates investment-adviser sector in political, lobbying spending.
David Grim steps down after two-decade career at agency; new leader has not been named.
Consumer groups and American Council of Life Insurers square off over how stringent the investment advice standard should be.
