The securities rules are changing and retail investors should benefit.

Earlier this year the SEC adopted a new set of rules designed to enhance investor protection while preserving investor product access and investor choice related to how investors get and pay for their advice and the advice givers with whom they work.  This series of rules known as “Regulation Best Interest” imposes new standards of conduct on broker-dealers that substantially enhances their responsibilities beyond the current suitability obligations.  While not totally there, these new rules move the securities industry closer to the fiduciary standard currently applied to registered investment advisor relationships.  Read more »