Advisors, executives and regulators have been debating the merits of the Labor Department's proposed fiduciary rule for nearly a year. But now that the rule is likely to be finalized within weeks, is the industry ready to adjust to a new regulatory reality?

It'll be "massive undertaking," according to Ira Hammerman, general counsel for SIFMA, one of the industry's largest trade and lobbying groups, and which has been opposed to the rule.

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