FSI and SIFMA criticize broker-dealer regulator for creating standards based on settlements.
CFP Board revises its standards and aims to beef up fiduciary requirements of certificants.
Some question whether brokers will drop the CFP mark or if the CFP Board will strictly enforce its new standard.
The measure, effective July 1, requires advisers to disclose any "profit or commission" they receive and make a "diligent inquiry" about a client's financial condition and goals.
Highlighting 'fragmentation and overlap,' department suggests establishing one lead agency to align federal and state efforts.
The National Association of Insurance Commissioners is taking a fresh look at the suitability standard for annuities and considering making it a best-interests standard.
Initiative is part of an effort to crack down on brokers who move from firm to firm and put investors at risk.
Kim Dee Isaacson also allegedly made unauthorized trades in the 71-year-old client's account.
While some give him high marks for his willingness to listen, other say it's time he put what he's heard into action.
As some provisions are implemented, the regulation's future remains a mystery. <i>(</i><b>More:</b><i>​ </i><i><b><a href="http://www.investmentnews.com/section/fiduciary-faq" style="color:#b10816" target="_blank">FAQs shed light on nuts and bolts of DOL rule</a></b></i><i>)</i>
