Regulation & Compliance

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.

Actually implementing security features is far different than just having the ability to do so, says the SEC.

The SEC is expected to finalize the industry's long-awaited standard of conduct for brokers and advisors in less than two weeks.

If adopted in any given jurisdiction, the rule would require state-registered investment advisors to develop physical security and cybersecurity policies and procedures.