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.
The Department of Labor is most likely to put a stake in the ground first on a fiduciary proposal in July, and it could highly influence what the SEC’s standard looks like.
During a media breakfast this morning at FSI’s OneVoice 2013 conference, FSI said the DOL assumes that getting paid by commission is conflicted, but that’s wrong.
SIFMA expects a DOL fiduciary proposal in the second quarter of this year, renewing the industry’s concern over the possible legislation, which the organization says is contrary to the SEC’s.
A former broker’s case against FINRA was dismissed by the United States Court of Appeals Wednesday, but the case just goes to show that bad firms can come back to bite financial advisors, even if they had nothing to do with it...
