See the latest on the Wealth Management Industry including M&A activity, diversity and inclusion and RIA updates.
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The move to eliminate commissions at some brokerages will result in heightened scrutiny by FINRA examiners of alternative revenue sources, including cash sweep accounts and payment for order flow.
Gov. Charlie Baker raised questions about Massachusetts Commonwealth Secretary William Galvin's proposed fiduciary rule in a comment letter delivered on Tuesday.
The majority of RIAs say the move to zero commissions would not influence their decision to use ETFs versus mutual funds, according to a TD Ameritrade survey.
The concerns were raised in a report released by the SEC's Office of Compliance Inspections and Examinations detailing its priorities for exams in 2020.