The SEC made a substantial change to its Customer Relationship Summary that largely went under the radar: the removal of the word "fiduciary" from mandated language RIAs must use to describe their standard of conduct.

A group of 11 financial trade organizations plan to ask the state's securities regulator to reconsider its fiduciary rule in the wake of the SEC's Reg BI rules passed recently.

The RIA custodian believes the SEC’s change of language around the fiduciary standard is inconsequential.

On June 21, the Financial Action Task Force will publish a note to clarify how participating nations should oversee virtual assets.

Leon Vaccarelli told clients he would invest their money in interest-earning investments; instead he used it to make tuition and mortgage payments and pay off other investors.

Only a small percentage of SEC-registered advisors use the language the agency approved Wednesday in describing their fiduciary duties, and those advisors are more likely to offer conflicted advice, according to a study by Commissioner Robert...

Despite some criticism that the rules don't go far enough, most advisors are on board with the new standards of conduct.

In a 3-to-1 vote, the Securities and Exchange Commission passed its rule package that would establish a standard of conduct for broker/dealers. Firms will have about a year to comply with Reg BI and Form CRS.

Major standards of conduct for brokers and investment advisors are expected to be finalized tomorrow by the Securities and Exchange Commission. Here are the big points advisors should be on the lookout for.

The SEC is scheduled to vote on its Regulation Best Interest rule proposal on June 5.