The fallout from the U.S. Securities and Exchange Commission's recent recommendation of a uniform fiduciary standard rolls on. As dates for hearings hang in the air, so do the possible effects on the wealth management industry.

The SEC study called for broker-dealers to comply with standards similar to those in place for investment advisors under the Investment Advisers Act of 1940. The goal is to increase investor protection, and create a more understandable landscape. But the staff report's recommendation was not concrete-two SEC committee members submitted dissent opinions, citing risks to investors.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access