SEC Issues Risk Alert on Broker/Dealer Conflicts of Interest
The SEC is sending a stern reminder to broker/dealers to better follow new Regulation Best Interest standard, intended to mitigate...
Tag: Regulation Best Interest
New SEC Adviser Says Consumer Protection is Top Priority
Barbara Roper, who is known for her extensive work on financial services consumer protections as a leader of the Consumer...
DOL Adopts New Prohibited Transaction Exemption
The regulator has finalized a potentially important new prohibited transaction exemption.
Warren Asks DOL Secretary Not to Mimic Reg BI
The Democratic presidential candidate fears the DOL is considering a fiduciary rule that would permit advisers providing advice on retirement...
The Retirement Industry Needs a Top Cop’s Guidance
All of the President’s cabinet secretaries have substantial authority to promulgate, interpret and enforce regulations. The DOL Secretary, in particular,...
House Blocks Funding for SEC Regulation Best Interest
Industry groups argue that the move would strip critical investor protections.
Democratic Leaders Call for GAO Review of Fiduciary Landscape
According to Democratic leaders in Congress, the Department of Labor appears to be doing little, if anything, to inform consumers...
SEC Approves Final Regulation Best Interest, Form CRS
Importantly, the updated rulemaking will apply a best-interest standard to account recommendations, including rollovers from retirement plans into individual retirement...
Favorable CRS Form User Testing Results Published by SEC
In the conclusions chapter of the report, the Securities and Exchange Commission says respondents expressed generally positive assessments of the...
Testing of SEC Adviser Relationship Summary Form Yields Troubling Results
A group of investor advocacy organizations is calling on the Securities and Exchange Commission to significantly revise its adviser customer...