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.
Advocates for the fiduciary standard on the RIA side voiced their concerns over the SEC’s recent request for comments during an fi360 webinar Thursday.
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.