From an industry perspective, perhaps no stakeholder holds more sway over the SEC's actions on Reg BI than the Securities Industry and Financial Markets Association. (Photo: Diego M. Radzinschi/ALM)
More than half of all U.S. adults own an individual stock, are invested in a stock market fund, an IRA, or participate in an employer-sponsored 401(k), according to the most recent accounting from Gallup.
By that measure, the investing public is the largest stakeholder impacted by the Securities and Exchange Commission's proposed rules for enhancing investor protections and raising the standard of care required of broker-dealers and registered advisors that serve the retail investment market.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
