Co-Founder of XY Planning on Why His Firm Has Sued the SEC Over Reg BI
The rule blurs the line between advice and sales, potentially hurting both advisers and investors, he says.
The rule blurs the line between advice and sales, potentially hurting both advisers and investors, he says.
The self-regulatory organization says it will help members implement the SEC's sweeping new conflict of interest disclosure rules.
The lower chamber has voted to block funding for the SEC to implement and enforce Regulation Best Interest.