The organization representing SEC-registered advisers held its advocacy day on Capitol Hill on Thursday.
The agency's chair implies at an Investment Adviser Association conference that investors should receive best-interest advice regardless of which type of financial professional they work with.
It's been win some, lose some for UBS as it defends its complex options strategy, but lately investors seem to be prevailing more.
The Republican party is favored to win the House in November's election. But even with control of that chamber, the legislative path for GOP bills is perilous.
Andrew Hartnett, who's deputy administrator for securities in Iowa's Insurance Division, has put assessing the broker conduct standard at the top of his priority list at NASAA.
But NASAA reports increase in both fines and restitution in 2021, with states collecting $145 million in fines and returning $312 million to investors.
The move aligns state policy with a Finra initiative that extended the grace from two to five years as long as brokers stay current on continuing education.
A risk alert released Monday gives advisers a preview of how the agency will assess compliance with the regulation, which overhauls advertising restrictions for the first time in 60 years.
Finra's rule proposal would tighten the process for clearing customer disputes from broker records, but NASAA is not yet on board.
The SEC chief wants to wring cost savings out of the middle of the financial markets, where intermediaries make money.
