Search
 
Analysis

SEC, DOL moving in tandem on investment advice rules

In a post-fiduciary-rule-vacated world, are SEC and DOL aiming for complementary regulation?

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
collage of building columns and dollars Under its regulatory agenda, Labor lists an item titled “Fiduciary Rule and Prohibited Transaction Exemptions.” (Photo: Shutterstock)

Both the Securities and Exchange Commission and the Department of Labor have set a September 2019 deadline for finalizing regulations that will change how advice is given to retail investors and participants in workplace retirement plans.

The SEC’s proposed Regulation Best Interest, which raises broker-dealers’ standard of care to retail investors, a clarifying regulation on registered investment advisors’ obligations to investors, and new disclosure requirements for advice providers are currently under review to account for thousands of comment letters from industry and stakeholders.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

Nick Thornton

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.

More from this author

Trending Stories

 

Recommended Stories

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.