Brokers accept proposed SEC rule on who can call themselves an adviser

April 23, 2018 by Ryan W. Neal

Even though the Securities and Exchange Commission’s new proposed advice rules could require them to make changes in the way they do business, some brokers acknowledged that the regulations are needed to clear up investor confusion about the advice industry.

Among other things, the rules address best interest standard, conflicts of interest and who can describe themselves as an adviser (or advisor).

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Originally Posted at InvestmentNews on April 19, 2018 by Ryan W. Neal.