Fiduciary standard

The regulator's proposal is set to remake compliance standards for brokers and advisors.

With a recent uptick in 401(k) related lawsuits, employers should take concrete steps to help participants while giving their company the fullest extent of protection possible against potential litigation.

The regulator's proposal is set to remake compliance standards for brokers and advisors.

With a recent uptick in 401(k) related lawsuits, employers should take concrete steps to help participants while giving their company the fullest extent of protection possible against potential litigation.

Whether the broker acts as a fiduciary making a recommendation will depend upon the circumstances of the particular recommendation and their client.

New rules would set standards of conduct for brokers, require new disclosures and offer interpretive guidance for fiduciary advisors.

New rules recognize the fact that commission-based transaction services can be the most cost effective way for Main Street investors to receive financial advice.

Despite the recent Fifth Court ruling, it’s too soon to say the regulation is dead. There may be a rehearing, and most importantly, best practice standards will live on.

Despite the recent Fifth Court ruling, it’s too soon to say the regulation is dead. There may be a rehearing, and most importantly, best practice standards will live on.

Focus turns to the SEC as it considers creating its own higher standard of client care.