Home Breadcrumb caret Industry News Breadcrumb caret Industry Why SEC Chair White’s departure could hurt U.S. advice industry SEC Chair White will leave “two critical initiatives” in the hands of her successor. 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. Also read: SEC has a busy year of cases against advisors SEC issues third-highest whistleblower award Will CSA’s targeted reforms hurt clients?, for more on Canada Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo