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.
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