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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