Disclosure and informed consent can limit services, allow third-party pay
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The SEC is on track to finalize its standards of conduct for investment advisors and brokers next year, Chairman Jay Clayton indicated on Wednesday, calling those rules “a very important and long overdue initiative.”
Individuals familiar with the progress of the Reg BI rulemaking say the rule is expected to be completed next year, potentially before a September 2019 final action date posted with the database of the Office of Information and Regulatory Affairs within the Office of Management and Budget.