Threats of litigation won't slow states from moving to institute their own fiduciary standards, but the thorny question of whether Reg BI trumps state laws will ultimately be decided in the courts.
Democrats in Congress assert the DOL is not clarifying what the loss of the 2016 rule means for retirement savers.
In trial, the Securities and Exchange Commission said the commissions generated by Donald J. Fowler were so high that clients would need a 142% return to break even.
Governments charge user fees for parks, roads and other infrastructure. Why not do the same for the financial system?
Should all your clients be accredited? It’s under consideration, according to an SEC concept release.
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.
