X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Flag with SEC and symbol SEC’s proposal signals that regulators are open to more restrictive policies for discretionary brokerage accounts, but it fails to define personal investment advice or when brokers’ so-called incidental advice exemption comes into play. (Photo: Shutterstock)

The Securities and Exchange Commission’s proposed rule for raising the suitability standard on brokers-dealers will potentially result in more investor confusion, according to CFA Institute.

Nick Thornton

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.