Attorneys general from seven states, including New York and California, along with the District of Columbia, argue that the SEC's rule doesn't protect investors as mandated under Dodd-Frank.
The expanded support programs come as co-founders Michael Kitces and Alan Moore said they are pushing back against a perception that the organization, now five years old, is just for financial advisors new to the industry.
At FSI's 2019 Forum, SEC Chief Counsel of the Division of Trading and Markets Emily Westerberg Russell addressed how broker/dealers should think about conflict-of-interest disclosures, and whether the SEC would preempt more stringent state rules for brokers.
