Blogs

The SEC approved, on a 4-1 basis with Commissioner Stein dissenting, a long-awaited package of proposed standard of conduct-related rules and interpretations applicable to investment advisers and broker-dealers, generally as outlined in this release (see the FACT SHEET). 

See SEC Chair Clayton's Statement and Overview; the proposed Regulation Best Interest (B-D standard of conduct), Investment Adviser Interpretation, Form CRS Relationship Summary; this WSJ article: "SEC Votes to Propose Stricter Broker Standards"; and numerous additional resources on our Financial Advisors topical page.

Stay tuned for further analysis and commentary.