Some of the new regulatory rules could weigh down the wealth management industry just as it is working to mend its relationship with consumers following the financial crisis, executives at the SIFMA Private Client Conference said on Wednesday.
But not all of them would be a hindrance. The new regulations that could have the most influence include the Volcker Rule, under the Dodd-Frank Wall Street Reform and Consumer Protection Act, and a possible uniform fiduciary standard, which would hold both brokers and investment advisors to the same standards of care when providing investment advice.
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