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.
In response to requests from the FPA and others, the CFP Board will push back the compliance date for its new Code of Ethics and Standards of Conduct to June 30, 2020, which coincides with the SEC's Reg BI.
The Financial Planning Association, whose membership includes thousands of CFPs, wants the CFP Board to delay enforcement to coincide with new SEC rules.
The Redtail incident cost at least one advisor a client, and shines a light on industry and regulatory inadequacies in cybersecurity reporting and enforcement.
Threats of litigation won't slow states from moving to institute their own fiduciary standards, but the thorny question of whether Reg BI trumps state laws will ultimately be decided in the courts.