Why SEC Chair White’s departure could hurt U.S. advice industry

By Staff | November 17, 2016 | Last updated on November 17, 2016
1 min read

Advocates for stronger adviser regulations in the U.S. are “apprehensive about the face of the next regime” in the wake of SEC Chair Mary Jo White’s departure announcement, reports financial-planning.com.

In particular, says financial-planning.com, “White’s departure […] will leave government without having completed two critical initiatives: enacting a uniform standard that would extend the fiduciary responsibilities advisers face to broker-dealers, and setting up a structural framework for increased RIA examinations.”

Read: Will Trump dump U.S. fiduciary rule?

Of the two initiatives, the adoption of a uniform fiduciary standard is the top concern for advocacy groups. Read more.

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SEC issues third-highest whistleblower award

Will CSA’s targeted reforms hurt clients?, for more on Canada

Advisor.ca staff


The staff of Advisor.ca have been covering news for financial advisors since 1998.