Regulation and Compliance issues for Wealth Professionals can be challenging to navigate especially when the SEC is involved. Catch the latest news and analysis on compliance updates that impact financial advisors.
Many industry executives expect the trend towards fiduciary standards of advice to continue, driven by market forces if not regulatory action. Others are not so sure.
Janus files with the SEC to introduce fiduciary rule compliance classes, Oranj upgrades its digital advice platform and a former MetLife financial planner is sentenced for robbing banks.
Sen. Elizabeth Warren sent a letter to 33 wealth management firms, asking if they planned to reverse changes they have made to be compliant if there was a delay.
A new report chastises 25 brokerages and insurance firms for marketing their employees as advisors, while eschewing that term in legal filings against the DOL.
Ed O’Brien, the CEO of eMoney Advisor, says advisor sentiment toward the fiduciary rule is improving and those who can adjust their practices to comply with it will prosper.
Targeted towards retirement investors, the FAQs explain basic definitions of the fiduciary rule, why the DOL adopted it, and how it affects everyday consumers.