Despite a legal challenge and other controversies, implementation for the SEC’s long-awaited Regulation Best Interest is here, and the agency is set to begin examinations and enforcement.
The Labor Department said the proposed rule would align with the SEC's Regulation Best Interest, while consumer advocates criticized it as a wishlist for the brokerage industry.
While many advisors expect to gain new clients over the next year, few have the time for prospecting, as they focus on meeting or communicating with current clients, according to a Natixis survey.
