 [The SEC is engaged in a second round of sweep exams to assess cybersecurity at advisory firms. Although a rule in this area is not expected, the agency may follow up exams with enforcement. It filed a case earlier this year] 'Cybersecurity is going to be taken to a new level.”.Duane Thompson, senior policy analyst, Fi360 |
What's on tap in 2016 for adviser regulation?
Mark Schoeff Jr. | InvestmentNews, December 2015
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Summary: Fiduciary duty could finally come to fruition next year.The Labor Department is poised to release a final rule in the spring that would require financial advisers to act in the best interests of their clients when dealing with retirement accounts. Meanwhile, the Securities and Exchange Commission has put a similar proposal for retail investment advice on its regulatory agenda.
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