Filed Under:Markets, Affluent

Outlook 2012: Washington — Final Outcomes on Fiduciary, SRO? (AdvisorOne)

The regulatory/legislative front will heat up in the New Year for advisors, with four issues taking center stage — the contentious issue of whether to create a self-regulatory organization for advisors; the Securities and Exchange Commission proposing a rule to put brokers under a fiduciary mandate; the Department of Labor reproposing its rule to amend the definition of fiduciary under the Employee Retirement Income Security Act; and the “switching” of advisors from federal to state registration.

 

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