Advisors could have better prepared clients for the chaos by relaying the inevitability of unforeseen events and finding ways to mitigate their impact, according to panelists at Riskalyze Fearless Week.
Lantern Investments Chief Compliance Officer Wendy Lanton will help represent small firms on the regulatory agency's board of governors, while Securities America's Jim Nagengast will continue to represent larger firms.
The rush of comment letters comes on the final day of the comment period for the Labor Department's new proposal to replace the Obama administration's vacated fiduciary rule.
Beyond an attempt to reverse Reg BI, the industry could also see a number of securities regulation reforms if Joe Biden wins the presidential election.
Small and large firms alike are starting to reconsider whether they should retain the amount of office space they currently have as work-from-home largely remains the norm months into the spread of COVID-19.
While many brokerage and advisory firms had followed compliance mandates for developing their forms, the Commission still found examples of forms that could be "more clear or otherwise improved."
The Commission said Mark L. Hopkins directed more than $1 million from brokerage accounts towards his own account at a credit union in a complaint filed Friday.
